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 X logo 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. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI