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Marathon Petroleum (MPC) Stock Sinks As Market Gains: What You Should Know
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Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $60.39, moving -0.43% from the previous trading session. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Coming into today, shares of the refiner had lost 0.49% in the past month. In that same time, the Oils-Energy sector gained 0.41%, while the S&P 500 gained 4.67%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of $0.02, down 75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.08 billion, up 53.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.40 per share and revenue of $113.06 billion, which would represent changes of -20.35% and +16.43%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.85% lower. MPC is currently a Zacks Rank #3 (Hold).
Digging into valuation, MPC currently has a Forward P/E ratio of 11.23. Its industry sports an average Forward P/E of 13.68, so we one might conclude that MPC is trading at a discount comparatively.
We can also see that MPC currently has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MPC's industry had an average PEG ratio of 1.59 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MPC in the coming trading sessions, be sure to utilize Zacks.com.
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Marathon Petroleum (MPC) Stock Sinks As Market Gains: What You Should Know
Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $60.39, moving -0.43% from the previous trading session. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Coming into today, shares of the refiner had lost 0.49% in the past month. In that same time, the Oils-Energy sector gained 0.41%, while the S&P 500 gained 4.67%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of $0.02, down 75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.08 billion, up 53.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.40 per share and revenue of $113.06 billion, which would represent changes of -20.35% and +16.43%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.85% lower. MPC is currently a Zacks Rank #3 (Hold).
Digging into valuation, MPC currently has a Forward P/E ratio of 11.23. Its industry sports an average Forward P/E of 13.68, so we one might conclude that MPC is trading at a discount comparatively.
We can also see that MPC currently has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MPC's industry had an average PEG ratio of 1.59 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MPC in the coming trading sessions, be sure to utilize Zacks.com.