RBC Capital analyst Elvira Scotto maintained a Buy rating on MPLX (MPLX – Research Report) yesterday and set a price target of $46.00. The company’s shares closed yesterday at $41.19.
According to TipRanks, Scotto is a top 100 analyst with an average return of 18.0% and a 64.42% success rate. Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners.
MPLX has an analyst consensus of Strong Buy, with a price target consensus of $44.63, implying an 8.35% upside from current levels. In a report released on April 12, UBS also maintained a Buy rating on the stock with a $49.00 price target.
Based on MPLX’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 billion and a net profit of $1.13 billion. In comparison, last year the company earned a revenue of $2.66 billion and had a net profit of $807 million
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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:
- MPLX price target raised to $43 from $40 at Barclays
- 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
