Why Marathon Petroleum Corporation (NYSE:MPC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $47.77 on Marathon Petroleum Corporation (NYSE:MPC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.31 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Marathon Petroleum Corporation (NYSE:MPC) stands at 11.51.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Marathon Petroleum Corporation , the PEG ratio for coming 3-5 years is -3.99.

Technical Analysis

The technical analysis highlights that Marathon Petroleum Corporation current is trading $3.59 points away or +9.43% from its 50-day moving average of $38.12. Further it is trading $4.89 or +13.29% away its 200-day moving average of $36.82.

The 52-week high of Marathon Petroleum Corporation (NYSE:MPC) was $59.99 while lowest point recorded in 52-week was $29.24. It implies if stock price makes a movement of over $-18.28, it will record a new 52-week high. In the case of +42.65% drop, it will touch a new 52-week low.

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