Energy Prospectus

Hi Dan

I cannot find the MPLX Profile.

In April you said "Sitting here for my review our updated profiles on BKEP, ENLC, MPLX and PAA."

Thank you so much

Rick

After you log on to the EPG website click on the High Yield tab and then click on the 3rd little box at the bottom of the page.

We have not update it for q1 results. I will take a look at the forecast model now and repost it.

Hi Dan

Thanks

I see the Forecast for MPLX on the third little button but do not see the MPLX profile.

Rick

It rolled off. I will repost the profile that we published on April 23rd.

I just updated my forecast/valuation model for MLPX and posted it to the EPG Website. It is sitting on the home page.

MPLX is up more than 30% YTD. Annual dividend yield is ~9.5%, partially tax deferred because MLPX is an MLP.

My valuation is $31.50, an increase of $2.50 from April 23, primarily because they beat my Q1 forecast and the over midstream sector outlook has improved.
Per TipRanks, here is what the Wall Street Gang thinks.
Current Price Targets updated since MPLX released Q1 results.
$32.00 by Barclays 5/18/2021
$31.00 by RBC Capital 5/5/2021
$32.00 by Evercore ISI 5/5/2021
$30.00 by Raymond James 5/4/201

First Call's price target is $30.53 but more than half of the targets in the Reuters database are dated prior to the end of March, so they don't include Q1 results or updated guidance. When looking at FC price targets the direction they are moving is more important than the price target itself because the Reuters' database includes some very old reports.

PS: MPLX is not in the Sweet 16 so it is best to post questions about it under the "Other Picks" tab.