The price-to-earnings ratio for MPLX LP (NYSE: MPLX) is 8.63x, which is above its average ratio. Moreover, the 36-month beta value for MPLX is 1.42. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price recommended by analysts for MPLX LP (MPLX) is $39.85, which is $5.93 above the current market price. The public float for MPLX is 352.74M and currently, short sellers hold a 3.26% of that float. On June 15, 2023, MPLX’s average trading volume was 1.76M shares.
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MPLX) stock’s latest price update
MPLX LP (NYSE: MPLX)’s stock price has increased by 0.54 compared to its previous closing price of 33.56. However, the company has seen a 0.03% increase in its stock price over the last five trading sessions.
MPLX’s Market Performance
MPLX’s stock has risen by 0.03% in the past week, with a monthly drop of -0.50% and a quarterly drop of -0.53%. The volatility ratio for the week is 0.98% while the volatility levels for the last 30 days are 1.02% for MPLX LP The simple moving average for the past 20 days is -0.15% for MPLX’s stock, with a 0.73% simple moving average for the past 200 days.
Analysts’ Opinion of MPLX
Many brokerage firms have already submitted their reports for MPLX stocks, with JP Morgan repeating the rating for MPLX by listing it as a “Overweight.” The predicted price for MPLX in the upcoming period, according to JP Morgan is $41 based on the research report published on March 14th of the current year 2023.
MPLX Trading at -1.48% from the 50-Day Moving Average
After a stumble in the market that brought MPLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.59% of loss for the given period.
Volatility was left at 1.02%, however, over the last 30 days, the volatility rate increased by 0.98%, as shares sank -0.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.99% lower at present.
During the last 5 trading sessions, MPLX rose by +0.03%, which changed the moving average for the period of 200-days by +1.47% in comparison to the 20-day moving average, which settled at $33.78. In addition, MPLX LP saw 2.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MPLX
Current profitability levels for the company are sitting at:
- +39.52 for the present operating margin
- +43.55 for the gross margin
The net margin for MPLX LP stands at +35.41. The total capital return value is set at 13.40, while invested capital returns managed to touch 12.36. Equity return is now at value 33.70, with 11.00 for asset returns.
Based on MPLX LP (MPLX), the company’s capital structure generated 152.91 points at debt to equity in total, while total debt to capital is 60.46. Total debt to assets is 56.92, with long-term debt to equity ratio resting at 164.69. Finally, the long-term debt to capital ratio is 57.38.
When we switch over and look at the enterprise to sales, we see a ratio of 4.79, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 7.97 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
To wrap up, the performance of MPLX LP (MPLX) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.