Mplx (MPLX) Set to Announce 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. Parties that wish to listen to the company’s conference call can do so using this link.

Mplx (NYSE:MPLX) last posted its earnings results 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. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. 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 %

MPLX opened at $41.95 on Monday. The stock has a 50-day moving average of $40.60 and a 200 day moving average of $38.03. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. Mplx has a 12 month low of $33.12 and a 12 month high of $42.89. The firm has a market cap of $42.40 billion, a P/E ratio of 11.01 and a beta of 1.35.

Mplx Dividend Announcement

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

Analyst Upgrades and Downgrades

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