Barclays analyst Theresa Chen maintained a Buy rating on MPLX (MPLX – Research Report) today and set a price target of $43.00. The company’s shares closed last Friday at $41.12.
Chen covers the Energy sector, focusing on stocks such as Oneok, Enbridge, and Kinder Morgan. According to TipRanks, Chen has an average return of 16.0% and a 73.39% success rate on recommended stocks.
Currently, the analyst consensus on MPLX is a Strong Buy with an average price target of $46.43, representing a 12.91% upside. In a report released on May 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $47.00 price target.
MPLX market cap is currently $41.79B and has a P/E ratio of 10.56.
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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.
