Marathon Petroleum Corporation (NYSE:MPC) rose 5.22% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -6.68% and is now up by 9.93% since start of this year. A look at its monthly performance shows that the stock has recorded a 5.75% gain over the past 30 days. Its equity price dipped by -19.57% over the past three months which led to its overall six-month decrease to stand at -8%.
The shares of Marathon Petroleum Corporation (MPC) dropped by -26.66% or -$23.58 from its last recorded high of $88.45 which it attained on September 25 to close at $64.87 per share. Over the past 52 weeks, the shares of Marathon Petroleum Corporation has been trading as low as $54.29 before witnessing a massive surge by 19.49% or $10.58. This price movement has led to the MPC stock receiving more attention and has become one to watch out for. It jumped by 1.95% on Sunday and this got the market excited. The stock’s beta now stands at 1.35 and when compared to its 200-day moving average and its 50-day moving average, MPC price stands -12.46% below and 2.62% above respectively. Its average daily volatility for this week is 3.6% which is less than the 3.9% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Marathon Petroleum Corporation with most of them predicting a $95.06 price target on a short-term (12 months) basis. The average price target by the analysts will see a 46.54% rise in the stock and would lead to MPC’s market cap to surge to $64.42B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 18 analysts that track Marathon Petroleum Corporation (NYSE:MPC) and find out that 0 of them rated it as a Hold. 18 of the 18 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at MPC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.51 point. Its trading volume has lost -437005 shares compared to readings over the past three months as it recently exchanged 6862995 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 7300000 shares, and this is 0.94 times the normal volume.
The price of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) currently stands at $69.64 after it went down by $-0.56 or -0.8% and has found a strong support at $68.97 a share. If the DNKN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $68.29 mark would also be bad for the stock as it means that the stock would plunge by 1.94% from its current position. However, if the stock price is able to trade above the resistance point around $70.46, then it could likely surge higher to try and break the upward resistance which stands at $71.27 a share. Its average daily volatility over the past one month stands at 3.11%. The stock has plunged by 0.76% from its 52-weeks high of $69.11 which it reached on Nov. 09, 2018. In general, it is 18.48% above its 52-weeks lowest point which stands at $56.77 and this setback was observed on Jun. 02, 2018.
Analysts have predicted a price target for Dunkin’ Brands Group, Inc. (DNKN) for 1 year and it stands at an average $72.1/share. This means that it would likely increase by 3.53% from its current position. The current price of the stock has been moving between $69.11 and $70.6. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $51. On the other hand, one analyst is super bullish about the price, setting a target as high as $87.
The DNKN stock Stochastic Oscillator (%D) is at 93.92%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 4.72 which compares to the 3.04 recorded by the industry or the 136.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.32, which is lower than the 26.35 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 19.3% over the past five years.
Analysts view Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) as a Buy, with 0 consensus rating. Reuters surveyed 28 analysts that follow DNKN and found that 18 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 3 analysts advised investors to desist from buying Dunkin’ Brands Group, Inc. (DNKN) shares or sell it if they already own it.