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MPLX LP (MPLX) Stock Falls Amid Market Uptick: What Investors Need to Know
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MPLX LP (MPLX - Free Report) closed at $55.67 in the latest trading session, marking a -2.11% move from the prior day. This change lagged the S&P 500's 1.65% gain on the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
The company's shares have seen an increase of 3.83% over the last month, surpassing the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
The upcoming earnings release of MPLX LP will be of great interest to investors. The company is expected to report EPS of $1.08, up 4.85% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.26 billion, indicating a 8.52% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.22 per share and a revenue of $13.09 billion, demonstrating changes of -12.45% and +0.71%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for MPLX LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.54% fall in the Zacks Consensus EPS estimate. MPLX LP currently has a Zacks Rank of #3 (Hold).
In terms of valuation, MPLX LP is currently trading at a Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 19.37, which means MPLX LP is trading at a discount to the group.
It is also worth noting that MPLX currently has a PEG ratio of 5.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Production and Pipelines industry stood at 1.78 at the close of the market yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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MPLX LP (MPLX) Stock Falls Amid Market Uptick: What Investors Need to Know
MPLX LP (MPLX - Free Report) closed at $55.67 in the latest trading session, marking a -2.11% move from the prior day. This change lagged the S&P 500's 1.65% gain on the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
The company's shares have seen an increase of 3.83% over the last month, surpassing the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
The upcoming earnings release of MPLX LP will be of great interest to investors. The company is expected to report EPS of $1.08, up 4.85% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.26 billion, indicating a 8.52% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.22 per share and a revenue of $13.09 billion, demonstrating changes of -12.45% and +0.71%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for MPLX LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.54% fall in the Zacks Consensus EPS estimate. MPLX LP currently has a Zacks Rank of #3 (Hold).
In terms of valuation, MPLX LP is currently trading at a Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 19.37, which means MPLX LP is trading at a discount to the group.
It is also worth noting that MPLX currently has a PEG ratio of 5.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Production and Pipelines industry stood at 1.78 at the close of the market yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.