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Marathon Petroleum (MPC) Advances While Market Declines: Some Information for Investors
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Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $263.32, moving +2% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.62%. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Coming into today, shares of the refiner had gained 2.44% in the past month. In that same time, the Oils-Energy sector lost 0.59%, while the S&P 500 lost 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Petroleum in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $10.84, reflecting a 173.74% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.87 billion, reflecting a 2.24% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $30.05 per share and revenue of $143.04 billion, which would represent changes of +180.84% and +5.78%, respectively, from the prior year.
Any recent changes to analyst estimates for Marathon Petroleum should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.22% higher within the past month. Marathon Petroleum currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Marathon Petroleum is currently exchanging hands at a Forward P/E ratio of 8.59. Its industry sports an average Forward P/E of 9.48, so one might conclude that Marathon Petroleum is trading at a discount comparatively.
We can also see that MPC currently has a PEG ratio of 0.41. 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. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.37 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Marathon Petroleum (MPC) Advances While Market Declines: Some Information for Investors
Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $263.32, moving +2% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.62%. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Coming into today, shares of the refiner had gained 2.44% in the past month. In that same time, the Oils-Energy sector lost 0.59%, while the S&P 500 lost 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Petroleum in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $10.84, reflecting a 173.74% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.87 billion, reflecting a 2.24% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $30.05 per share and revenue of $143.04 billion, which would represent changes of +180.84% and +5.78%, respectively, from the prior year.
Any recent changes to analyst estimates for Marathon Petroleum should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.22% higher within the past month. Marathon Petroleum currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Marathon Petroleum is currently exchanging hands at a Forward P/E ratio of 8.59. Its industry sports an average Forward P/E of 9.48, so one might conclude that Marathon Petroleum is trading at a discount comparatively.
We can also see that MPC currently has a PEG ratio of 0.41. 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. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.37 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.