Mplx (MPLX) to Release Earnings on Tuesday

Mplx (NYSE:MPLX) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Mplx to post earnings of $0.97 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.15. Mplx had a return on equity of 31.85% and a net margin of 34.82%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. Mplx’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mplx Stock Performance

NYSE:MPLX opened at $41.95 on Friday. The stock’s fifty day moving average is $40.60 and its 200 day moving average is $38.01. Mplx has a fifty-two week low of $33.12 and a fifty-two week high of $42.89. The firm has a market capitalization of $42.40 billion, a PE ratio of 11.01 and a beta of 1.35. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.07.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $3.40 annualized dividend and a yield of 8.10%. Mplx’s payout ratio is presently 89.24%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James increased their price target on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Royal Bank of Canada upped their price objective on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Barclays upped their price objective on Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, UBS Group upped their price objective on Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $43.86.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.