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MPLX LP (MPLX) Stock Moves -0.27%: What You Should Know
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MPLX LP (MPLX - Free Report) closed at $33.62 in the latest trading session, marking a -0.27% move from the prior day. This change was narrower than the S&P 500's 1.26% loss on the day. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq lost 0.28%.
Coming into today, shares of the company had gained 3.6% in the past month. In that same time, the Oils-Energy sector gained 5.66%, while the S&P 500 gained 6.07%.
Investors will be hoping for strength from MPLX LP as it approaches its next earnings release, which is expected to be May 3, 2022. On that day, MPLX LP is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 10.29%. Our most recent consensus estimate is calling for quarterly revenue of $2.33 billion, down 0.52% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.14 per share and revenue of $9.42 billion. These totals would mark changes of +9.79% and -6.04%, 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.55% higher within the past month. MPLX LP currently has a Zacks Rank of #3 (Hold).
Investors should also note MPLX LP's current valuation metrics, including its Forward P/E ratio of 10.74. This represents a discount compared to its industry's average Forward P/E of 17.24.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% 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) Stock Moves -0.27%: What You Should Know
MPLX LP (MPLX - Free Report) closed at $33.62 in the latest trading session, marking a -0.27% move from the prior day. This change was narrower than the S&P 500's 1.26% loss on the day. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq lost 0.28%.
Coming into today, shares of the company had gained 3.6% in the past month. In that same time, the Oils-Energy sector gained 5.66%, while the S&P 500 gained 6.07%.
Investors will be hoping for strength from MPLX LP as it approaches its next earnings release, which is expected to be May 3, 2022. On that day, MPLX LP is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 10.29%. Our most recent consensus estimate is calling for quarterly revenue of $2.33 billion, down 0.52% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.14 per share and revenue of $9.42 billion. These totals would mark changes of +9.79% and -6.04%, 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.55% higher within the past month. MPLX LP currently has a Zacks Rank of #3 (Hold).
Investors should also note MPLX LP's current valuation metrics, including its Forward P/E ratio of 10.74. This represents a discount compared to its industry's average Forward P/E of 17.24.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% 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.