Analyst Estimates

Marathon Petroleum Corp (NYSE:MPC): Check on Price Target

Marathon Petroleum Corp (NYSE:MPC) soared 1.41% during previous trade, a total of 6.68M shares exchanged hands compared with its average trading volume of 6.22M shares whereas its relative volume is 1.05. The stock has a market capitalization of $25.95B along with 527.82M outstanding shares. Stock’s intraday price range hit the peak level of $50 and touched the lowest level of $49.10.

Most recently Marathon Petroleum Corp (NYSE:MPC)’s price target was revised on 01/10/17 and according to 17 analysts stock’s price will reach at $61.82 during 52 weeks with standard deviation of 8.82. Stock’s minimum price target estimates has been figured out at $48 while the maximum price target forecast is established at $72, if we look at the price target with an optimistic approach it has upside potential of 45% from its latest closing price of $49.66.

Historically, if we look at price target revisions, one week ago Marathon Petroleum Corp (NYSE:MPC)’s price target was revised on 12/22/16 by the analysts, however the bullish price estimates of the stock set at $70 while the bearish estimates kept at $44 over the next one year. Stock’s 52-week target was retained at $55, the estimates indicates a standard deviation of 7.25.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.57. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 10 rate Marathon Petroleum Corp (NYSE:MPC) stock a Strong Buy, 0 rate the stocks of the company a Buy, 4 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 12/7/16 the stock of Marathon Petroleum Corp (NYSE:MPC) upgraded by JP Morgan from Neutral to Overweight. However previously on 11/1/16 it was upgraded by UBS from Sell to Neutral. A research note issued on 10/31/16 the stock was upgraded by Raymond James from Outperform to Strong Buy.

Marathon Petroleum Corp (NYSE:MPC) performance over the past one year soared 11.02% whereas its year to date (YTD) performance indicated a bearish trend of -1.37%. During the last six months the stock rose 36.58%. Quarterly performance of the company shows optimistic momentum of 19.33% while its last one month trend is positive with 0.44%. Stock’s weekly performance expressed down trend of -3.08%.

The company’s price sits 5.50% above from its 50-day moving average of $49.29 and 22.19% away from the stock’s 200-day moving average which is $43.15. Marathon Petroleum Corp (NYSE:MPC)’s shares are currently trading -9.03% away from the 52-week high price of $54.59 and +76.13% far from the 52-week low price of $28.20.

According to consensus agreement of 19 analysts Marathon Petroleum Corp (NYSE:MPC) will report earnings per share of $0.46 in their quarterly report and it is expected to announce the company’s results on 2/1/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.86 in contradiction of low EPS estimates of $0.06. However a year ago for the same quarter the company has reported $0.79 EPS. Current year EPS projections for Marathon Petroleum Corp (NYSE:MPC) set at $2.12 according to the sentiments of 12 analysts, while its lowest earnings estimates are $1.78 and highest earnings estimates are $2.57.

According to 7 analysts, Marathon Petroleum Corp (NYSE:MPC)’s revenue estimates for the current quarter are $15.64B meanwhile the company has high revenue estimates of $19.73B in contradiction of low revenue estimates of $11.65B. For the current year the company’s revenue estimates are $60.83B compared to low analyst estimates of $54.61B and high estimates of $65.81B according to the projection of 8 analysts.

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