The price-to-earnings ratio for MPLX LP (NYSE: MPLX) is 11.28x, which is above its average ratio. Moreover, the 36-month beta value for MPLX is 1.39. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for MPLX is 364.79M and currently, short sellers hold a 2.90% of that float. On December 26, 2024, MPLX’s average trading volume was 1.77M shares.
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MPLX) stock’s latest price update
MPLX LP (NYSE: MPLX)’s stock price has gone decline by -1.19 in comparison to its previous close of 48.46, however, the company has experienced a 3.18% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-12-26 that MPLX is a fast-growing midstream energy company with strong distributable cash flow and consistent excess dividend coverage, offering a 7% dividend yield. The company has two core segments, Logistics and Storage, and Gathering and Processing, both showing solid EBITDA growth. MPLX trades at an attractive 10.4X EBITDA multiplier, with the potential for revaluation to 12-13X as the company deleverages its balance sheet and grows its core operations.
MPLX’s Market Performance
MPLX LP (MPLX) has experienced a 3.18% rise in stock performance for the past week, with a -2.45% drop in the past month, and a 7.70% rise in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.10% for MPLX. The simple moving average for the past 20 days is -1.62% for MPLX’s stock, with a 10.69% simple moving average for the past 200 days.
Analysts’ Opinion of MPLX
Many brokerage firms have already submitted their reports for MPLX stocks, with BofA Securities repeating the rating for MPLX by listing it as a “Underperform.” The predicted price for MPLX in the upcoming period, according to BofA Securities is $43 based on the research report published on October 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see MPLX reach a price target of $40. The rating they have provided for MPLX stocks is “Buy” according to the report published on October 06th, 2023.
JP Morgan gave a rating of “Overweight” to MPLX, setting the target price at $41 in the report published on March 14th of the previous year.
MPLX Trading at 1.98% 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 -7.81% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -3.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.53% upper at present.
During the last 5 trading sessions, MPLX rose by +3.10%, which changed the moving average for the period of 200-days by +17.57% in comparison to the 20-day moving average, which settled at $48.67. In addition, MPLX LP saw 30.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MPLX starting from HAGEDORN CARL KRISTOPHER, who sale 4,000 shares at the price of $47.24 back on Nov 18 ’24. After this action, HAGEDORN CARL KRISTOPHER now owns 14,750 shares of MPLX LP, valued at $188,960 using the latest closing price.
HAGEDORN CARL KRISTOPHER, the Officer of MPLX LP, proposed sale 4,000 shares at $47.24 during a trade that took place back on Nov 18 ’24, which means that HAGEDORN CARL KRISTOPHER is holding shares at $188,960 based on the most recent closing price.
Stock Fundamentals for MPLX
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.45 for the gross margin
The net margin for MPLX LP stands at 0.4. The total capital return value is set at 0.14. Equity return is now at value 32.39, with 11.64 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 5.17.
Currently, EBITDA for the company is 6.11 billion with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 6.34. The receivables turnover for the company is 6.95for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To wrap up, the performance of MPLX LP (MPLX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
