The stock of MPLX LP (NYSE:MPLX) decreased by -$0.05 on Tuesday to $34.87, down -0.14 percent. The last five days have seen an average of 1,594,870 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $2.10. The average number of shares traded over the last 20 days was 1,881,247, while the average volume over the last 50 days totaled 1,802,977.
MPLX stock appreciated 1.37% since last month. On 07/17/23, the company’s shares reached a one-month low of $34.24. The stock touched a high of $35.85 on 07/27/23, after rallying from a low of $28.56 in 52 weeks. The price of MPLX stock has risen by 6.18% or $2.10 this year, reaching a new high 17 times. Still, the stock price is down -2.73% from the 52-week high.
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Valuation Metrics
MPLX LP (MPLX) has a trailing price-to-earnings (P/E) ratio of 8.75. Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.16, the price-to-book (PB) ratio of 2.91, and the price-to-cash flow ratio of 8.38.
Company paid $0.7750 per share in dividends, remained unchanged from $0.7750 last year. A $0.07 dividend increase was reported on Tuesday November 1 2022.
Financial Health
For the three months ended June 29, MPLX LP’s quick ratio was 1.70, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.78, and the total debt to equity ratio is 1.78. As far as profitability goes, gross margin for the trailing twelve months is 57.20% percent. MPLX LP’s EBITDA margin for the year ended June 29 was 50.56%, whereas its operating margin stood at 46.60% for the same period. Based on annual data, it had gross profit of $4.91 billion and revenue of $11.61 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MPLX’s return on assets (ROA) during the last 12 months has been 11.20%. There was a 15.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 33.80%.
Earnings Surprise
According to MPLX LP’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.69 billion, while revenues fell by -9.29% to $2.71 billion. It was predicted that MPLX LP’s quarterly earnings would be $0.91, but it ended up being $0.89, beating the consensus by 2.20%. EBITDA was $1.5 billion for the quarter. At the end of MPLX LP’s most recent quarter ended June 29, its liabilities totaled 23.65 billion, while its total debt was $20.91 billion. Equity owned by shareholders amounts to $1.0 billion.
Technical Picture
Here’s a quick look at MPLX LP’s (MPLX) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 49.33%, suggesting the stock is Neutral, with a 13.95% historical volatility rate.
The stochastic %K and %D were 44.77% and 43.17% respectively, while the average true range (ATR) was 0.43. Based on the 14-day stochastic reading of 40.20%, the RSI (14) reading is 52.04%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at -0.07.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on MPLX LP (NYSE: MPLX) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned MPLX LP (MPLX) an Overweight rating. MPLX is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is MPLX’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $45.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for MPLX LP (MPLX) is $40.31.
