The stock of MPLX LP (MPLX) has seen a 3.02% increase in the past week, with a 7.49% gain in the past month, and a 14.16% flourish in the past quarter. The volatility ratio for the week is 1.12%, and the volatility levels for the past 30 days are at 1.14% for MPLX.. The simple moving average for the past 20 days is 3.27% for MPLX’s stock, with a 15.25% simple moving average for the past 200 days.
Is It Worth Investing in MPLX LP (NYSE: MPLX) Right Now?
MPLX LP (NYSE: MPLX) has a higher price-to-earnings ratio of 10.99x compared to its average ratio. MPLX has 36-month beta value of 1.35. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MPLX is 350.49M, and currently, short sellers hold a 3.15% ratio of that float. The average trading volume of MPLX on April 03, 2024 was 2.14M shares.
MPLX) stock’s latest price update
MPLX LP (NYSE: MPLX) has experienced a rise in its stock price by 1.45 compared to its previous closing price of 41.32. However, the company has seen a gain of 3.02% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
Analysts’ Opinion of MPLX
Many brokerage firms have already submitted their reports for MPLX stocks, with Goldman repeating the rating for MPLX by listing it as a “Buy.” The predicted price for MPLX in the upcoming period, according to Goldman is $40 based on the research report published on October 06, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see MPLX reach a price target of $41, previously predicting the price at $37. The rating they have provided for MPLX stocks is “Overweight” according to the report published on March 14th, 2023.
Wolfe Research gave a rating of “Outperform” to MPLX, setting the target price at $36 in the report published on January 09th of the previous year.
MPLX Trading at 6.84% from the 50-Day Moving Average
After a stumble in the market that brought MPLX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.58% of gains for the given period.
Volatility was left at 1.14%, however, over the last 30 days, the volatility rate increased by 1.12%, as shares surge +6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.02% upper at present.
During the last 5 trading sessions, MPLX rose by +3.02%, which changed the moving average for the period of 200-days by +24.24% in comparison to the 20-day moving average, which settled at $40.72. In addition, MPLX LP saw 14.16% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MPLX
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.57 for the gross margin
The net margin for MPLX LP stands at 0.37. The total capital return value is set at 0.13. Equity return is now at value 29.50, with 10.88 for asset returns.
Based on MPLX LP (MPLX), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 4.82.
Currently, EBITDA for the company is 5.54 billion with net debt to EBITDA at 3.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.78. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, MPLX LP (MPLX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
