Mplx (MPLX) to Release Earnings on Tuesday

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

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.95 by $0.15. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the company earned $0.78 EPS. The business’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 $41.20 on Tuesday. The firm’s 50-day moving average is $40.33 and its 200-day moving average is $37.85. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 10.81 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 has a 52-week low of $33.12 and a 52-week high of $42.89.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend was Friday, February 2nd. Mplx’s dividend payout ratio is presently 89.24%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPLX shares. Barclays upped their price objective on Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Raymond James upped their price target on Mplx from $44.00 to $45.00 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 report on Wednesday, January 31st. 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 report on Friday, April 12th. Finally, Royal Bank of Canada increased their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.