Barclays analyst Theresa Chen maintained a Buy rating on MPLX (MPLX – Research Report) on January 5 and set a price target of $40.00. The company’s shares closed last Friday at $37.11.
Chen covers the Energy sector, focusing on stocks such as TC Energy, Enbridge, and Valero Energy. According to TipRanks, Chen has an average return of 14.8% and a 74.88% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MPLX with a $40.29 average price target.
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The company has a one-year high of $37.22 and a one-year low of $30.51. Currently, MPLX has an average volume of 1.78M.
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MPLX (MPLX) Company Description:
MPLX LP is a diversified, large-cap master limited partnership which owns and operates midstream energy infrastructure and logistics assets in the United States. The company provides a wide range of midstream energy services, including the storage, processing, and transportation of crude oil, refined petroleum products, natural gas, and other hydrocarbon-based products.
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