Mplx (MPLX) Scheduled to Post Earnings on Tuesday

Mplx (NYSE:MPLX) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Mplx to post earnings of $0.97 per share for the quarter. Individual that wish to register for the company’s earnings 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company earned $0.78 EPS. Mplx’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 Up 0.2 %

Mplx stock opened at $41.95 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.07 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’s fifty day moving average is $40.60 and its 200 day moving average is $38.01. The company has a market capitalization of $42.40 billion, a PE ratio of 11.01 and a beta of 1.35.

Mplx Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MPLX. UBS Group upped their price objective on shares of Mplx from $46.00 to $49.00 and gave the stock 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 research note on Wednesday, January 31st. Barclays upped 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. Royal Bank of Canada upped their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Raymond James upped their target price 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. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.