Mplx (MPLX) to Release Earnings on Tuesday

Mplx (NYSE:MPLX - Get Free Report) will announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.17. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.96 billion. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The firm's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mplx Trading Up 2.2 %

NYSE MPLX traded up $0.98 on Tuesday, reaching $44.75. The company had a trading volume of 2,463,295 shares, compared to its average volume of 1,817,782. Mplx has a 52 week low of $35.06 and a 52 week high of $45.24. The stock's 50 day moving average is $43.72 and its 200-day moving average is $42.31. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.41. The stock has a market cap of $45.47 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.21 and a beta of 1.37.

Wall Street Analysts Forecast Growth

MPLX has been the subject of a number of research analyst reports. UBS Group boosted their target price on Mplx from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Royal Bank of Canada boosted their price objective on Mplx from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays raised their target price on shares of Mplx from $45.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Mplx from $47.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Finally, Bank of America initiated coverage on shares of Mplx in a report on Thursday, October 17th. They set an "underperform" rating and a $43.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of "Moderate Buy" and an average target price of $47.67.

About Mplx

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.