MPC Stock Forecast: MPC likely to head lower recession worries increase

MPC Stock Forecast: MPC likely to head lower recession worries increase

MPC Stock Forecast: The stock is expected to trade between $81.6 and $84.5. The overall recommendation is Neutral.

MPC Stock Forecast: Latest Price

MPC Stock Forecast: Performance Chart

Stock Name5 Days1 Month6 Months1 Year
VLO-2.54%-10.20%+22.13%+68.91%

MPC Stock Forecast: Latest Tweet

Originally tweeted by SimplyRobo (@simply_robo) on July 18, 2022.

$MPC Marathon Petroleum Corporation is overvalued with a -64% margin of safety

Current: $84.42
Low: $30.4
Median: $44.04
High: $59.44

#wallstreetbets #trading #stockforecast

MPC Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookNegative
Market Data
Market CapHigher
TechnicalNeutral
Trading VolumeLower
Crowd’s Wisdom
Google Search VolumeLower
Social Media SentimentLower

Also Read: Chevron Stock Forecast 2022

MPC Stock Forecast: Is it a buy?

MPC has shown all the positive signs in today’s outlook – its strong financials can be attributed to that. It has been overperforming the market. On Friday (8-07-2022), when S&P500 was down by 1.2% and Dow lost 0.5%, MPC was up by 0.4%. In August, it is expected to post $5.5 EPS showing a 717.9% YoY growth. It has received a Zacks rank of “1” indicating a buy because of this. This company stands in the top 3% of its industry. The industry has been declining given the war and inflation but, some stronger companies like MPC are keeping up.

It has a PEG ratio of 0.3 versus the industry average at 0.5. It also has a earnings yield of 17.5% as compared to the industry average of 15.9% making the stock attractive especially for growth investors. It currently has a “buy” rating because the stock is underhyped this week but, is expected to pick up soon.

MPC Stock: Latest Video

YouTube video

MPC Stock Forecast: First Quarter Earnings Summary

  • In the first quarter of 2022, MPC reported EPS of $1.5 as compared to $0.4 in the first quarter of 2021. The estimate for the coming quarter is $6.1.
  • The reported revenue in the first quarter of 2022 was $38.4B and it is expected to be $39.5 in the second quarter.
  • The President and CEO J. Hennigan announced 15% Scope 3 absolute greenhouse gas emission reduction target by 2030.
  • The company has completed $8 billion share repurchase from their $10 billion return of capital program.

MPC Stock Forecast: Google Trends

MPC Stock Forecast: Technical Analysis

MPC Stock Forecast

– Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.