Marathon Petroleum Corp (MPC) Set to Announce Quarterly Earnings on Thursday
Marathon Petroleum Corp (NYSE:MPC) is scheduled to issue its quarterly earnings data on Thursday, July 31st. Parties interested in registering for the company’s conference call can do so using this link.
Marathon Petroleum Corp (NYSE:MPC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.38. The company had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $23.26 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect Marathon Petroleum Corp to post $7.53 EPS for the current fiscal year and $9.62 EPS for the next fiscal year.
Shares of Marathon Petroleum Corp (NYSE:MPC) opened at 79.63 on Wednesday. Marathon Petroleum Corp has a 52-week low of $61.32 and a 52-week high of $97.70. The stock’s 50-day moving average is $81.18 and its 200-day moving average is $86.5. The company has a market cap of $22.984 billion and a P/E ratio of 15.14.
Several analysts have recently commented on the stock. Analysts at Wolfe Research upgraded shares of Marathon Petroleum Corp from a “market perform” rating to an “outperform” rating in a research note on Monday. On the ratings front, analysts at Macquarie reiterated an “outperform” rating on shares of Marathon Petroleum Corp in a research note on Friday, July 11th. They now have a $100.00 price target on the stock, down previously from $116.00. Finally, analysts at Citigroup Inc. upgraded shares of Marathon Petroleum Corp from a “neutral” rating to a “buy” rating in a research note on Friday, July 11th. They now have a $94.00 price target on the stock, down previously from $96.00. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $92.73.
Marathon Petroleum Corporation (NYSE:MPC) is engaged in refining, transporting and marketing petroleum products in the United States.
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