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MPLX LP (MPLX) Stock Sinks As Market Gains: What You Should Know
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MPLX LP (MPLX - Free Report) closed at $30.31 in the latest trading session, marking a -0.92% move from the prior day. This change lagged the S&P 500's 1.46% gain on the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq lost 0.18%.
Coming into today, shares of the company had lost 2.24% in the past month. In that same time, the Oils-Energy sector gained 2.86%, while the S&P 500 lost 6.94%.
MPLX LP will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.81, up 22.73% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.46 billion, up 2.61% from the year-ago period.
MPLX's full-year Zacks Consensus Estimates are calling for earnings of $3.25 per share and revenue of $10.04 billion. These results would represent year-over-year changes of +13.64% and +0.1%, respectively.
Investors should also note any recent changes to analyst estimates for MPLX LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. MPLX LP is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, MPLX LP is currently trading at a Forward P/E ratio of 9.43. For comparison, its industry has an average Forward P/E of 14.49, which means MPLX LP is trading at a discount to the group.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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MPLX LP (MPLX) Stock Sinks As Market Gains: What You Should Know
MPLX LP (MPLX - Free Report) closed at $30.31 in the latest trading session, marking a -0.92% move from the prior day. This change lagged the S&P 500's 1.46% gain on the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq lost 0.18%.
Coming into today, shares of the company had lost 2.24% in the past month. In that same time, the Oils-Energy sector gained 2.86%, while the S&P 500 lost 6.94%.
MPLX LP will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.81, up 22.73% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.46 billion, up 2.61% from the year-ago period.
MPLX's full-year Zacks Consensus Estimates are calling for earnings of $3.25 per share and revenue of $10.04 billion. These results would represent year-over-year changes of +13.64% and +0.1%, respectively.
Investors should also note any recent changes to analyst estimates for MPLX LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. MPLX LP is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, MPLX LP is currently trading at a Forward P/E ratio of 9.43. For comparison, its industry has an average Forward P/E of 14.49, which means MPLX LP is trading at a discount to the group.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.