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 yesterday at $42.35.
Chen covers the Energy sector, focusing on stocks such as Oneok, TC Energy, and Excelerate Energy, Inc. Class A. According to TipRanks, Chen has an average return of 18.2% and a 75.11% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MPLX with a $43.71 average price target, representing a 3.21% upside. In a report released on March 26, Goldman Sachs also maintained a Buy rating on the stock with a $42.00 price target.
The company has a one-year high of $42.89 and a one-year low of $30.94. Currently, MPLX has an average volume of 2.18M.
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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.
Read More on MPLX:
- Enbridge, MPLX to form JV to connect Permian Basin gas supply to USGC demand
- WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS
- Enbridge, MPLX, WhiteWater, I Squared to enter pipeline joint venture
- Summit Midstream announces sale of Utica position for $625M in cash
- Appaloosa takes new position in Oracle, boosts Amazon, Microsoft stakes
