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MPLX LP (MPLX) Gains But Lags Market: What You Should Know
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In the latest trading session, MPLX LP (MPLX - Free Report) closed at $58.65, marking a +1.14% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.15% for the day. Elsewhere, the Dow saw an upswing of 1.38%, while the tech-heavy Nasdaq appreciated by 1.38%.
Shares of the company witnessed a loss of 0.34% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 8.53%, and outperforming the S&P 500's loss of 5.69%.
The investment community will be paying close attention to the earnings performance of MPLX LP in its upcoming release. The company is predicted to post an EPS of $1.08, indicating a 1.82% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.14 billion, indicating a 0.49% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and revenue of $13.05 billion, which would represent changes of -7.88% and +0.41%, respectively, from the prior 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 a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.55% lower. As of now, MPLX LP holds a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 13.06. This represents a discount compared to its industry average Forward P/E of 19.22.
We can also see that MPLX currently has a PEG ratio of 5.29. 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. As of the close of trade yesterday, the Oil and Gas - Production and Pipelines industry held an average PEG ratio of 1.58.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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MPLX LP (MPLX) Gains But Lags Market: What You Should Know
In the latest trading session, MPLX LP (MPLX - Free Report) closed at $58.65, marking a +1.14% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.15% for the day. Elsewhere, the Dow saw an upswing of 1.38%, while the tech-heavy Nasdaq appreciated by 1.38%.
Shares of the company witnessed a loss of 0.34% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 8.53%, and outperforming the S&P 500's loss of 5.69%.
The investment community will be paying close attention to the earnings performance of MPLX LP in its upcoming release. The company is predicted to post an EPS of $1.08, indicating a 1.82% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.14 billion, indicating a 0.49% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and revenue of $13.05 billion, which would represent changes of -7.88% and +0.41%, respectively, from the prior 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 a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.55% lower. As of now, MPLX LP holds a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 13.06. This represents a discount compared to its industry average Forward P/E of 19.22.
We can also see that MPLX currently has a PEG ratio of 5.29. 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. As of the close of trade yesterday, the Oil and Gas - Production and Pipelines industry held an average PEG ratio of 1.58.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.