MPLX for High Yield - April 15

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

MPLX for High Yield - April 15

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Raymond James analyst Justin Jenkins maintained a Buy rating on MPLX (NYSE:MPLX) LP on Thursday, setting a price target of $30, which is approximately 13.64% above the present share price of $26.4.

Jenkins expects MPLX LP to post earnings per share (EPS) of $0.00 for the second quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in MPLX, with an average price target of $29.17.
The analysts price targets range from a high of $30 to a low of $28.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.11 billion and a net profit of $845 million. The company's market cap is $27.38 billion.

According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.1% and a 59.95% success rate.

MPLX LP is a diversified, large-cap master limited partnership which owns and operates midstream energy infrastructure and logistics assets in the United States. The company provides a wide range of midstream energy services, including the storage, processing, and transportation of crude oil, refined petroleum products, natural gas, and other hydrocarbon-based products.
Dan Steffens
Energy Prospectus Group
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