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MPLX LP (MPLX) Dips More Than Broader Markets: What You Should Know
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MPLX LP (MPLX - Free Report) closed at $32.34 in the latest trading session, marking a -1.4% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.17%.
Coming into today, shares of the company had lost 0.18% in the past month. In that same time, the Oils-Energy sector lost 4.66%, while the S&P 500 gained 0.89%.
MPLX LP will be looking to display strength as it nears its next earnings release. In that report, analysts expect MPLX LP to post earnings of $0.85 per share. This would mark year-over-year growth of 8.97%. Meanwhile, our latest consensus estimate is calling for revenue of $2.66 billion, down 2.6% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.71 per share and revenue of $11.46 billion. These totals would mark changes of +29.72% and +14.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MPLX LP. Recent revisions tend to reflect the latest near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.43% higher. MPLX LP is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, MPLX LP currently has a Forward P/E ratio of 8.84. This valuation marks a discount compared to its industry's average Forward P/E of 15.75.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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MPLX LP (MPLX) Dips More Than Broader Markets: What You Should Know
MPLX LP (MPLX - Free Report) closed at $32.34 in the latest trading session, marking a -1.4% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.17%.
Coming into today, shares of the company had lost 0.18% in the past month. In that same time, the Oils-Energy sector lost 4.66%, while the S&P 500 gained 0.89%.
MPLX LP will be looking to display strength as it nears its next earnings release. In that report, analysts expect MPLX LP to post earnings of $0.85 per share. This would mark year-over-year growth of 8.97%. Meanwhile, our latest consensus estimate is calling for revenue of $2.66 billion, down 2.6% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.71 per share and revenue of $11.46 billion. These totals would mark changes of +29.72% and +14.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MPLX LP. Recent revisions tend to reflect the latest near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.43% higher. MPLX LP is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, MPLX LP currently has a Forward P/E ratio of 8.84. This valuation marks a discount compared to its industry's average Forward P/E of 15.75.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.