MPLX LP (NYSE: MPLX) has a higher price-to-earnings ratio of 11.05x compared to its average ratio. MPLX has 36-month beta value of 1.34. 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 359.98M, and currently, short sellers hold a 2.94% ratio of that float. The average trading volume of MPLX on July 24, 2024 was 1.74M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MPLX) stock’s latest price update
MPLX LP (NYSE: MPLX) has experienced a decline in its stock price by -0.02 compared to its previous closing price of 43.01. However, the company has seen a gain of 0.68% in its stock price over the last five trading days. zacks.com reported 2024-07-22 that MPLX LP (MPLX) closed the most recent trading day at $43.31, moving +0.46% from the previous trading session.
MPLX’s Market Performance
MPLX’s stock has risen by 0.68% in the past week, with a monthly rise of 1.73% and a quarterly rise of 3.66%. The volatility ratio for the week is 1.07% while the volatility levels for the last 30 days are 1.15% for MPLX LP The simple moving average for the past 20 days is 1.14% for MPLX’s stock, with a 10.28% simple moving average for the past 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 3.62% 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 -0.97% of loss for the given period.
Volatility was left at 1.15%, however, over the last 30 days, the volatility rate increased by 1.07%, as shares surge +1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.71% upper at present.
During the last 5 trading sessions, MPLX rose by +0.80%, which changed the moving average for the period of 200-days by +22.75% in comparison to the 20-day moving average, which settled at $42.54. 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 5.97. 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
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.
