Mplx (MPLX) Scheduled to Post Earnings on Tuesday

Mplx (NYSE:MPLX) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mplx Trading Up 0.2 %

Shares of MPLX stock opened at $41.95 on Monday. Mplx has a twelve month low of $33.12 and a twelve month high of $42.89. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $40.60 and its two-hundred day moving average is $38.03. The company has a market capitalization of $42.40 billion, a P/E ratio of 11.01 and a beta of 1.35.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be given a $0.85 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 8.10%. Mplx’s dividend payout ratio (DPR) is 89.24%.

Analysts Set New Price Targets

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

About Mplx

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.