Many MPLX LP(MPLX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by FBR & Co. on Feb 2, 2017 to Mkt Perform, Raises Price Target to $ 38 from a previous price target of $35 .MPLX LP was Upgraded by Wells Fargo to Outperform on Jan 10, 2017. MPLX LP was Upgraded by Mizuho on Jan 4, 2017 to Buy, Price Target of the shares are set at $42.
Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Gregory Scott Floerke (Exec VP and COO) sold 1,000 shares at 37.00 per share price.On Jan 19, 2017, Randy S Nickerson (Exec VP and CCO) sold 15,000 shares at 36.08 per share price.On Jan 5, 2017, C Corwin Bromley (Exec. VP and Gen Counsel) sold 2,500 shares at 36.00 per share price.
MPLX LP Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.22. The company had revenue of $714.00 million for the quarter, compared to analysts expectations of $711.44 million. The companys revenue was up 114.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
MPLX LP (NYSE:MPLX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.6 by 15 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
MPLX LP (NYSE:MPLX) stock has received a short term price target of $ 41 from 14 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.6. The higher estimate of target price is $45 , while the lower price target estimate is $37
MPLX LP (NYSE:MPLX) rose 1.31% or 0.5 points on Tuesday and made its way into the gainers of the day. After trading began at $38.51 the stock was seen hitting $39.04 as a peak level and $38.02 as the lowest level. The stock ended up at $38.81. The daily volume was measured at 929,530 shares. The 52-week high of the share price is $39.22 and the 52-week low is $18.3. The company has a market cap of $14,010 million.
MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Companys assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.