MPLX LP (NYSE:MPLX) traded at $41.80 at close of the session on Tuesday, April 30, made a downward move of -0.38% on its previous day’s price.
Looking at the stock we see that its previous close was $41.96 . The company has a trailing 12-month PE ratio of 10.96. In terms of its 52-week price range, MPLX has a high of $42.89 and a low of $33.12. The company’s stock has gained about 1.16% over that past 30 days.
MPLX LP has a market cap of $42.25 billion. With its Forward Dividend at 3.25 and a yield of 7.78%, the company’s investors could be anxious for the MPLX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.98, with the EPS growth for the year raised at $4.1 for 2024 and $4.31 for next year. These figures represent 7.90% and 5.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.89 billion, with a low of $2.77 billion and a high of $3.01 billion. The median projection represents growth squeezing down to 11.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $11.84 billion, or 5.00% up from figures reported last year.
On the other hand, looking at the outlook for the MPLX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the MPLX stock currently stands at 2.61, and the current price level is 1.19% off its SMA20 and 2.93% from its 50-day simple moving average. The RSI (14) is pointing at 60.36 while the volatility over the past week is 1.61% and jumps to 1.48% over the past one month. The beta value is 1.34, while the average true range (ATR) is currently pointing at 0.61.
Coming back to MPLX LP (NYSE:MPLX), we note that the average 3-month trading volume was 2.27 million. Current shares outstanding are 1.00 billion.
The insiders hold 64.71% of the company’s shares while institutions hold 21.49%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 13.83% up in year-to-date price movement.
