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MPLX LP (MPLX) Increases Despite Market Slip: Here's What You Need to Know
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MPLX LP (MPLX - Free Report) closed the most recent trading day at $58.80, moving +1.34% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.08%.
Heading into today, shares of the company had gained 4.77% over the past month, lagging the Oils-Energy sector's gain of 5.48% and outpacing the S&P 500's loss of 2.16%.
Analysts and investors alike will be keeping a close eye on the performance of MPLX LP in its upcoming earnings disclosure. In that report, analysts expect MPLX LP to post earnings of $1.08 per share. This would mark a year-over-year decline of 1.82%. Simultaneously, our latest consensus estimate expects the revenue to be $3.32 billion, showing a 6.14% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $13.76 billion, signifying shifts of -6.43% and +5.89%, respectively, from the last year.
Any recent changes to analyst estimates for MPLX LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. MPLX LP is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 12.86. This expresses a discount compared to the average Forward P/E of 19.35 of its industry.
Investors should also note that MPLX has a PEG ratio of 5.21 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 36% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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MPLX LP (MPLX) Increases Despite Market Slip: Here's What You Need to Know
MPLX LP (MPLX - Free Report) closed the most recent trading day at $58.80, moving +1.34% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.08%.
Heading into today, shares of the company had gained 4.77% over the past month, lagging the Oils-Energy sector's gain of 5.48% and outpacing the S&P 500's loss of 2.16%.
Analysts and investors alike will be keeping a close eye on the performance of MPLX LP in its upcoming earnings disclosure. In that report, analysts expect MPLX LP to post earnings of $1.08 per share. This would mark a year-over-year decline of 1.82%. Simultaneously, our latest consensus estimate expects the revenue to be $3.32 billion, showing a 6.14% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $13.76 billion, signifying shifts of -6.43% and +5.89%, respectively, from the last year.
Any recent changes to analyst estimates for MPLX LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. MPLX LP is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 12.86. This expresses a discount compared to the average Forward P/E of 19.35 of its industry.
Investors should also note that MPLX has a PEG ratio of 5.21 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 36% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.