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Analysts’ Ratings for Marathon Petroleum after Its Earnings

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Analysts’ ratings

In this series, we discussed Marathon Petroleum’s (MPC) 2Q17 earnings versus estimates. We also analyzed Marathon Petroleum’s refining margin trend in 2Q17. We looked at Marathon Petroleum’s stock performance after its earnings on July 27, 2017. Now, we’ll examine analysts’ ratings for Marathon Petroleum after its earnings.

After its earnings, Marathon Petroleum has been rated by 19 analysts. Of the total, 18 (or 95%) analysts assigned a “buy” or “strong buy” rating, one analyst assigned a “hold” rating, and no analysts assigned a “sell” or “strong sell” rating on the stock.

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As analysts drill further down Marathon Petroleum’s 2Q17 numbers, the company might witness a change in its ratings or target price. However, before its 2Q17 earnings, Marathon Petroleum witnessed higher target prices from various investment banking firms. Jefferies raised Marathon Petroleum’s target price to $65 per share. The firm has a “buy” rating on the stock. Also, J.P. Morgan increased Maraton Petroleum’s target price from $57 to $64. Marathon Petroleum’s mean target price is $66 per share, which implies an 18% gain from the current level.

Analysts’ ratings for peers

Marathon Petroleum’s peers HollyFrontier (HFC), Delek US Holdings (DK), and Tesoro (TSO) have been rated as a “buy” by 24%, 20%, and 85% of the analysts, respectively. Other downstream players like PBF Energy (PBF), Valero Energy (VLO), and Phillips 66 (PSX) have been rated as a “buy” by 35%, 57%, and 32% of the analysts, respectively.

In the next part, we’ll look at the change in implied volatility in Marathon Petroleum after its 2Q17 earnings. We’ll also look at Marathon Petroleum’s stock price forecast range for the next eight days after its earnings.

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