Mplx (MPLX) Scheduled to Post Earnings on Tuesday

Mplx (NYSE:MPLX) will post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Mplx to post earnings of $1.06 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.17. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mplx Price Performance

Shares of NYSE MPLX opened at $44.21 on Monday. The stock has a market cap of $45.12 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.21 and a beta of 1.37. Mplx has a fifty-two week low of $35.06 and a fifty-two week high of $45.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a fifty day moving average of $43.83 and a 200-day moving average of $42.40.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a $0.9565 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Mplx’s previous quarterly dividend of $0.85. This represents a $3.83 annualized dividend and a dividend yield of 8.65%. Mplx’s payout ratio is 82.52%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPLX. Wells Fargo & Company lifted their price target on Mplx from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Bank of America began coverage on Mplx in a research report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target for the company. UBS Group boosted their target price on Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Barclays boosted their target price on Mplx from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.67.

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.