Mplx Lp (MPLX) Earns News Impact Score of 0.22
Media headlines about Mplx Lp (NYSE:MPLX) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mplx Lp earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.9714282952674 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- MPLX LP (MPLX) Downgraded to Strong Sell at BidaskClub (americanbankingnews.com)
- MPLX Named Top Dividend Stock With Insider Buying and 6.45% Yield (MPLX) (nasdaq.com)
- Mplx Lp (MPLX) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Daily Technical Summary Reports on Oil and Gas Stocks — Energy Transfer … (prnewswire.com)
- AEGON NV (AEG) noted a price change of 0.72% and MPLX LP (MPLX) closes with a move of -0.68% – Stocks Gallery (stocksgallery.com)
Shares of Mplx Lp (MPLX) opened at 34.65 on Tuesday. Mplx Lp has a 12 month low of $30.31 and a 12 month high of $39.43. The firm has a market capitalization of $13.46 billion, a P/E ratio of 41.40 and a beta of 1.36. The firm’s 50-day moving average is $34.68 and its 200 day moving average is $34.64.
Mplx Lp (NYSE:MPLX) last announced its quarterly earnings results on Thursday, July 27th. The pipeline company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The company had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $884.70 million. Mplx Lp had a net margin of 19.07% and a return on equity of 6.13%. Mplx Lp’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities research analysts anticipate that Mplx Lp will post $0.98 EPS for the current year.
A number of research firms have recently commented on MPLX. Zacks Investment Research downgraded shares of Mplx Lp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 15th. BidaskClub downgraded shares of Mplx Lp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Guggenheim began coverage on shares of Mplx Lp in a research note on Thursday, July 20th. They set a “buy” rating and a $40.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating on shares of Mplx Lp in a research note on Friday, July 28th. Finally, Scotiabank restated a “buy” rating and set a $44.00 price objective on shares of Mplx Lp in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $42.25.
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In related news, VP C Corwin Bromley sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $34.50, for a total transaction of $86,250.00. Following the sale, the vice president now directly owns 123,705 shares in the company, valued at approximately $4,267,822.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 8,000 shares of company stock worth $276,910 over the last 90 days.
About Mplx Lp
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.
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