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Marathon Petroleum (MPC) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $60.95, marking a -1.99% move from the previous day. This change lagged the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the refiner had lost 1.91% in the past month. In that same time, the Oils-Energy sector lost 0.55%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from MPC as it approaches its next earnings report date. In that report, analysts expect MPC to post earnings of $0.44 per share. This would mark year-over-year growth of 450%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.93 billion, up 73.46% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $6.06 per share and revenue of $121.33 billion. These results would represent year-over-year changes of -10.62% and +24.95%, respectively.
Investors should also note any recent changes to analyst estimates for MPC. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.19% lower within the past month. MPC is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MPC has a Forward P/E ratio of 10.26 right now. For comparison, its industry has an average Forward P/E of 12.29, which means MPC is trading at a discount to the group.
Investors should also note that MPC has a PEG ratio of 0.68 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 1.22 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 103, which puts it in the top 41% 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.
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) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $60.95, marking a -1.99% move from the previous day. This change lagged the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the refiner had lost 1.91% in the past month. In that same time, the Oils-Energy sector lost 0.55%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from MPC as it approaches its next earnings report date. In that report, analysts expect MPC to post earnings of $0.44 per share. This would mark year-over-year growth of 450%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.93 billion, up 73.46% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $6.06 per share and revenue of $121.33 billion. These results would represent year-over-year changes of -10.62% and +24.95%, respectively.
Investors should also note any recent changes to analyst estimates for MPC. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.19% lower within the past month. MPC is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MPC has a Forward P/E ratio of 10.26 right now. For comparison, its industry has an average Forward P/E of 12.29, which means MPC is trading at a discount to the group.
Investors should also note that MPC has a PEG ratio of 0.68 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 1.22 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 103, which puts it in the top 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.