Media headlines about Mplx (NYSE:MPLX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mplx earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 45.0210444880845 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Mplx (MPLX) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Mplx (MPLX) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- MPLX LP (MPLX) Says FERC Order to Have ‘De Minimis’ Effect – StreetInsider.com (streetinsider.com)
- BRIEF-MPLX Responds To FERC Announcement (reuters.com)
- MPLX LP : Responds to FERC Announcement (4-traders.com)
Several research firms have issued reports on MPLX. Barclays lowered Mplx from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective for the company. in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price objective (down from $44.00) on shares of Mplx in a research note on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $46.00 price objective on shares of Mplx in a research note on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price objective on shares of Mplx in a research note on Thursday, February 1st. Finally, Zacks Investment Research lowered Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Mplx has an average rating of “Hold” and a consensus price target of $41.55.
Mplx (NYSE:MPLX) last announced its earnings results on Thursday, February 1st. The pipeline company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Mplx had a net margin of 17.90% and a return on equity of 6.98%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $937.04 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. analysts predict that Mplx will post 1.93 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Mplx (MPLX) Stock Price” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2018/03/19/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-mplx-mplx-stock-price.html.
Mplx Company Profile
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.