Mplx (NYSE:MPLX) had its target price dropped by analysts at Barclays from $39.00 to $37.00 in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price indicates a potential upside of 7.90% from the stock’s current price.
A number of other equities analysts also recently commented on MPLX. Guggenheim downgraded shares of Mplx from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Monday, December 18th. Credit Suisse Group assumed coverage on shares of Mplx in a research note on Thursday, January 4th. They issued an “outperform” rating and a $43.00 target price for the company. Bank of America assumed coverage on shares of Mplx in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 target price on shares of Mplx in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.33.
Mplx stock opened at $34.29 on Tuesday. Mplx has a one year low of $30.88 and a one year high of $39.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.43 and a quick ratio of 0.38. The stock has a market cap of $26,797.00, a PE ratio of 32.15, a price-to-earnings-growth ratio of 3.12 and a beta of 1.26.
Mplx (NYSE:MPLX) last posted its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Mplx had a return on equity of 6.98% and a net margin of 17.90%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $937.04 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. sell-side analysts expect that Mplx will post 1.93 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. SWS Partners acquired a new stake in Mplx during the fourth quarter worth approximately $149,000. Captrust Financial Advisors acquired a new stake in Mplx during the fourth quarter worth approximately $179,000. Stuart Chaussee & Associates Inc. acquired a new stake in Mplx during the fourth quarter worth approximately $195,000. American Century Companies Inc. acquired a new stake in Mplx during the fourth quarter worth approximately $204,000. Finally, Quadrant Private Wealth Management LLC acquired a new stake in Mplx during the fourth quarter worth approximately $227,000. Hedge funds and other institutional investors own 31.86% of the company’s stock.
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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