For its first fiscal quarter (ending March 31), MPLX LP (NYSE: MPLX) has reported a 8% increase in E.P.S. from $0.91 a year ago to $0.98 in the current quarter. However, this performance was $-0.07 short of the consensus estimate of $1.05. E.P.S. were $3.88 for the latest four quarters through March 31 versus $3.88 for the same period a year ago — flat performance.
Recent Price Action
On 4/30/24, MPLX LP (NYSE: MPLX) stock declined slightly by -0.4%, closing at $41.80. Moreover, above average trading volume at 147% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
MPLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MPLX has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. MPLX has a neutral Appreciation Score of 47 but a good Power Rating of 82, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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