Marathon Stock Runs Higher on Quarterly Report

The company also reported higher revenue than anticipated

Deputy Editor
May 5, 2020 at 10:15 AM
facebook twitter linkedin


The shares of Marathon Petroleum Corp (NYSE:MPC) are up 1.4% at $31.96 this morning after reporting slimmer-than-expected, first-quarter losses of 16 cents per share, compared to analysts' anticipated losses of 31 cents per share. The firm's reported revenue of $24.08 billion also beat estimates. Meanwhile, Marathon said it would cut spending by $1.4 billion, or 30%, as the coronavirus continues to play a heavy role in the dwindling demand for oil and gas.  

MPC has seen a slow rebound since its eight-year low of $15.26 on March 19, though pressure at the 60-day moving average is keeping this rally in check. Regardless, Marathon stock is up 60% in the last month. However, it is still down 47% year-to-date. 

Sentiment surrounding MPC is optimistic, with eight out of 12 analysts sporting a "buy" or "strong buy" rating, while the remaining four say "hold." Meanwhile, the 12-month consensus price target of $43.29 is a 35.5% premium to current levels. 

It's also worth noting that MPC's Schaeffer's Volatility Scorecard (SVS) sits at a high 97 (out of 100), showing that the stock has tended to exceed options traders' volatility expectations in the past year -- a good thing for options buyers. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners