Marathon Petroleum Corporation (MPC)
NYSE: MPC · IEX Real-Time Price · USD
174.14
-0.65 (-0.37%)
At close: Jul 2, 2024, 4:00 PM
174.20
+0.06 (0.03%)
After-hours: Jul 2, 2024, 7:52 PM EDT
Marathon Petroleum Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Marathon Petroleum stock have an average target of 193.08, with a low estimate of 152 and a high estimate of 230. The average target predicts an increase of 10.88% from the current stock price of 174.14.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MPC stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 5 | 5 | 5 | 5 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 11 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $191 → $186 | Hold | Maintains | $191 → $186 | +6.81% | Jul 2, 2024 |
| Barclays | Barclays | Buy Maintains $195 → $185 | Buy | Maintains | $195 → $185 | +6.24% | Jul 1, 2024 |
| Mizuho | Mizuho | Hold Maintains $203 → $201 | Hold | Maintains | $203 → $201 | +15.42% | Jun 20, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $190 → $168 | Hold | Maintains | $190 → $168 | -3.53% | Jun 14, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $227 → $223 | Buy | Maintains | $227 → $223 | +28.06% | Jun 6, 2024 |
Financial Forecast
Revenue This Year
142.99B
from 150.31B
Decreased by -4.87%
Revenue Next Year
138.12B
from 142.99B
Decreased by -3.40%
EPS This Year
17.80
from 23.63
Decreased by -24.68%
EPS Next Year
16.94
from 17.80
Decreased by -4.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 160.9B | 168.0B | 151.8B | 123.6B | 124.2B |
| Avg | 143.0B | 138.1B | 134.1B | 118.8B | 119.5B |
| Low | 103.2B | 95.2B | 98.5B | 115.3B | 116.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.0% | 17.5% | 9.9% | -7.9% | 4.5% |
| Avg | -4.9% | -3.4% | -2.9% | -11.4% | 0.5% |
| Low | -31.3% | -33.4% | -28.7% | -14.0% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.51 | 23.27 | 22.91 | 21.21 | 18.59 |
| Avg | 17.80 | 16.94 | 16.11 | 15.64 | 15.10 |
| Low | 12.97 | 11.90 | 10.90 | 10.56 | 11.97 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.7% | 30.7% | 35.3% | 31.7% | 18.8% |
| Avg | -24.7% | -4.8% | -4.9% | -2.9% | -3.5% |
| Low | -45.1% | -33.1% | -35.7% | -34.4% | -23.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.