The stock of MPLX LP (NYSE: MPLX) has increased by 0.66 when compared to last closing price of 42.72. Despite this, the company has experienced a 1.41% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-02 that While the market is focused on a handful of tech stocks, I’m seeing opportunities in value stocks with high dividend yields. Kinder Morgan, a midstream energy giant, has stable cash flows, and strong shareholder returns, and is well-positioned to meet growing U.S. energy demand. Golub Capital BDC offers a high dividend yield, conservative portfolio management, and potential for market-beating returns along with NAV growth.
Is It Worth Investing in MPLX LP (NYSE: MPLX) Right Now?
MPLX LP (NYSE: MPLX) has a higher price-to-earnings ratio of 11.05x compared to its average ratio, The 36-month beta value for MPLX is at 1.34. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MPLX is 359.99M, and currently, shorts hold a 3.10% of that float. The average trading volume for MPLX on July 04, 2024 was 2.01M shares.
MPLX’s Market Performance
MPLX’s stock has seen a 1.41% increase for the week, with a 6.33% rise in the past month and a 1.56% gain in the past quarter. The volatility ratio for the week is 1.11%, and the volatility levels for the past 30 days are at 1.15% for MPLX LP The simple moving average for the last 20 days is 3.48% for MPLX stock, with a simple moving average of 11.75% for the last 200 days.
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 4.26% 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 -0.00% of loss for the given period.
Volatility was left at 1.15%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares surge +5.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.10% upper at present.
During the last 5 trading sessions, MPLX rose by +1.13%, which changed the moving average for the period of 200-days by +22.65% in comparison to the 20-day moving average, which settled at $41.66. In addition, MPLX LP saw 17.10% 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:
- 0.44 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 0.14. Equity return is now at value 30.41, with 11.05 for asset returns.
Based on MPLX LP (MPLX), the company’s capital structure generated 0.62 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 1.62. The interest coverage ratio of the stock is 5.25.
Currently, EBITDA for the company is 5.54 billion with net debt to EBITDA at 3.64. When we switch over and look at the enterprise to sales, we see a ratio of 5.96. The receivables turnover for the company is 7.06for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In conclusion, MPLX LP (MPLX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
