MPLX LP (NYSE: MPLX) has reported earnings for its third fiscal quarter (ending September 30) of $1.01 versus $0.89 for the same period a year ago — an increase of 13%. E.P.S. were $4.24 for the latest four quarters through September 30 versus $3.48 for the same period a year ago — an increase of 22%.
Recent Price Action
On 11/5/24, MPLX LP (NYSE: MPLX) stock enjoyed a large increase of 2.4%, closing at $45.38. Moreover, exceptionally high trading volume at 238% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MPLX is expected to continue to be a major Value Builder.
MPLX has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MPLX has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 63, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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