The stock of MPLX LP (MPLX) has seen a -4.91% decrease in the past week, with a -1.04% drop in the past month, and a 6.72% flourish in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.23% for MPLX. The simple moving average for the past 20 days is -3.24% for MPLX’s stock, with a 8.51% simple moving average for the past 200 days.
Is It Worth Investing in MPLX LP (NYSE: MPLX) Right Now?
The price-to-earnings ratio for MPLX LP (NYSE: MPLX) is above average at 10.45x. The 36-month beta value for MPLX is also noteworthy at 1.35. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for MPLX is 356.69M, and at present, short sellers hold a 2.99% of that float. The average trading volume of MPLX on April 16, 2024 was 2.18M shares.
MPLX) stock’s latest price update
MPLX LP (NYSE: MPLX)’s stock price has plunge by -1.92relation to previous closing price of 40.64. Nevertheless, the company has seen a -4.91% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Here is how MPLX LP (MPLX) and SM Energy (SM) have performed compared to their sector so far this year.
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 -0.21% 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 unable to rebound, for now settling with -7.06% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -1.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.60% upper at present.
During the last 5 trading sessions, MPLX fell by -4.91%, which changed the moving average for the period of 200-days by +17.79% in comparison to the 20-day moving average, which settled at $41.17. In addition, MPLX LP saw 8.55% 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 5.59. 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
In summary, MPLX LP (MPLX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
