As of close of business last night, MPLX LP’s stock clocked out at $41.10, down -0.70% from its previous closing price of $41.39. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 1893249 shares were traded.
Ratios:
To gain a deeper understanding of MPLX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.57 whereas as Long-Term Debt/Eq ratio is at 1.48.
On March 14, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $37 to $41.
Wolfe Research Upgraded its Peer Perform to Outperform on January 09, 2023, while the target price for the stock was maintained at $36.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MPLX now has a Market Capitalization of 41.54B and an Enterprise Value of 61.41B. As of this moment, MPLX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.78, and their Forward P/E ratio for the next fiscal year is 9.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 3.31. Its current Enterprise Value per Revenue stands at 5.89 whereas that against EBITDA is 10.09.
Stock Price History:
Over the past 52 weeks, MPLX has reached a high of $42.89, while it has fallen to a 52-week low of $33.12. The 50-Day Moving Average of the stock is 39.90, while the 200-Day Moving Average is calculated to be 36.70.
Shares Statistics:
It appears that MPLX traded 2.16M shares on average per day over the past three months and 1.86M shares per day over the past ten days. A total of 1.00B shares are outstanding, with a floating share count of 356.69M. Insiders hold about 64.71% of the company’s shares, while institutions hold 21.45% stake in the company. Shares short for MPLX as of Mar 15, 2024 were 11.06M with a Short Ratio of 4.93, compared to 9.9M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.09% and a Short% of Float of 3.06%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.25, MPLX has a forward annual dividend rate of 3.25. Against a Trailing Annual Dividend Yield of 7.85%, it implies a Forward Annual Dividend Yield of 8.23%. The stock’s 5-year Average Dividend Yield is 10.29.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.98 for the current quarter, with a high estimate of $1.05 and a low estimate of $0.94, while EPS last year was $0.91. The consensus estimate for the next quarter is $1.01, with high estimates of $1.08 and low estimates of $0.96.
Analysts are recommending an EPS of between $4.33 and $3.88 for the fiscal current year, implying an average EPS of $4.09. EPS for the following year is $4.29, with 11 analysts recommending between $4.62 and $3.99.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $2.91B. It ranges from a high estimate of $3.04B to a low estimate of $2.77B. As of the current estimate, MPLX LP’s year-ago sales were $2.61B, an estimated increase of 11.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $2.92B, an increase of 8.40% less than the figure of $11.60% in the same quarter last year. There is a high estimate of $3.02B for the next quarter, whereas the lowest estimate is $2.76B.
A total of 7 analysts have provided revenue estimates for MPLX’s current fiscal year. The highest revenue estimate was $12.28B, while the lowest revenue estimate was $11.28B, resulting in an average revenue estimate of $11.8B. In the same quarter a year ago, actual revenue was $11.28B, up 4.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $12.01B in the next fiscal year. The high estimate is $12.68B and the low estimate is $11.12B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
