We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marathon Petroleum (MPC) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $58.81, marking a -1.9% move from the previous day. This change lagged the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.16%.
Coming into today, shares of the refiner had lost 0.71% in the past month. In that same time, the Oils-Energy sector lost 3.04%, while the S&P 500 gained 2.07%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be May 8, 2019. On that day, MPC is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 87.5%. Our most recent consensus estimate is calling for quarterly revenue of $29.08 billion, up 53.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.38 per share and revenue of $113.06 billion, which would represent changes of -20.65% and +16.43%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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. The Zacks Consensus EPS estimate has moved 7.12% lower within the past month. MPC is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, MPC is currently trading at a Forward P/E ratio of 11.15. This valuation marks a discount compared to its industry's average Forward P/E of 13.64.
Meanwhile, MPC's PEG ratio is currently 1.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MPC's industry had an average PEG ratio of 1.58 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 94, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marathon Petroleum (MPC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $58.81, marking a -1.9% move from the previous day. This change lagged the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.16%.
Coming into today, shares of the refiner had lost 0.71% in the past month. In that same time, the Oils-Energy sector lost 3.04%, while the S&P 500 gained 2.07%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be May 8, 2019. On that day, MPC is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 87.5%. Our most recent consensus estimate is calling for quarterly revenue of $29.08 billion, up 53.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.38 per share and revenue of $113.06 billion, which would represent changes of -20.65% and +16.43%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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. The Zacks Consensus EPS estimate has moved 7.12% lower within the past month. MPC is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, MPC is currently trading at a Forward P/E ratio of 11.15. This valuation marks a discount compared to its industry's average Forward P/E of 13.64.
Meanwhile, MPC's PEG ratio is currently 1.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MPC's industry had an average PEG ratio of 1.58 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 94, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.