With 1.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.83 million shares. The 52-week range on MPLX shows that it touched its highest point at $54.74 and its lowest point at $38.44 during that stretch. It currently has a 1-year price target of $56.57. With its current market cap of 54.85 billion, MPLX has annualized dividend of $3.61 while the current yield stands at 6.71%. Beta for the stock currently stands at 1.36.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPLX was up-trending over the past week, with a rise of 2.28%, but this was up by 2.28% over a month. Three-month performance surged to 14.50% while six-month performance rose 26.38%. The stock gained 37.95% in the past year, while it has gained 12.49% so far this year. A look at the trailing 12-month EPS for MPLX yields 4.21 with Next year EPS estimates of 4.73. For the next quarter, that number is 1.07. This implies an EPS growth rate of 5.88% for this year and 6.12% for next year. EPS is expected to grow by 7.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.50%.
Float and Shares Shorts:
At present, 1.02 billion MPLX shares are outstanding with a float of 367.08 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPLX since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.26215 being high and $4.16186 being low. For MPLX, this leads to a yearly average estimate of $4.19195. Based on analyst estimates, the high estimate for the next quarter is $1.18 and the low estimate is $1.12. The average estimate for the next quarter is thus $1.14.
