MPLX LP (NYSE:MPLX) Downgraded by ValuEngine to Strong Sell

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MPLX LP stock has undergone multiple analysts rating changes in the recent past.  MPLX LP Downgraded by ValuEngine on 10/1/2020. In a note to investors, the firm issued a new rating of Strong Sell. The analysts previously had rating of Sell.

Shares of MPLX LP traded down -$0.69 on Thursday, reaching $15.74. 0 shares of the stock traded hands, compared to its average volume of 2817205. Shares of MPLX LP were trading at $15.74 on Thursday. The firm’s 50 day moving average is $18.11 and its 200 day moving average is $18.92.MPLX LP has a 12 month low of $15.59 and a 12 month high of $28.37. While on yearly highs and lows, MPLX LP’s today has traded high as $16.66 and has touched $15.59 on the downward trend. See More Analyst Rating at: RATING

MPLX LP Earnings and What to expect: 

Mplx last released its quarterly earnings results on August 3rd, 2020. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. The company earned $2.08 billion during the quarter, compared to analyst estimates of $1.95 billion. Its quarterly revenue was up 27.7% on a year-over-year basis. Mplx has generated $2.32 earnings per share over the last year. Mplx has confirmed that its next quarterly earnings report will be published on Monday, November 2nd, 2020. Mplx will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Mplx are expected to decrease by -7.56% in the coming year, from $2.38 to $2.20 per share. The P/E ratio of Mplx is -7.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Mplx is -7.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Mplx has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Not Data Available
  • On 8/9/2019 Director Garry L Peiffer Buy 18,800 at average share price of $27.30 which equates to $513,240.00 in money value.
  • On 8/7/2019 Director Garry L Peiffer Buy 18,000 at average price of  $27.15 with total value of : $488,700.00
  • On 8/7/2019 CEO Gary R Heminger Buy 42,600 at average price of  $27.18 with total value of : $1,157,868.00

Other owners latest trading in MPLX LP :

  • On 8/28/2020 shares held by PNC Financial Services Group Inc. were 107,594 which equates to market value of $1.86M and appx 0.00% owners of MPLX LP
  • On 8/27/2020 shares held by Neuberger Berman Group LLC were 751,538 which equates to market value of $12.99M and appx 0.00% owners of MPLX LP
  • On 8/27/2020 shares held by WFA of San Diego LLC were 29,116 which equates to market value of $0.75M and appx 0.30% owners of MPLX LP
  • In total Institutional ownership equates to Institutional Ownership Percentage: 28.87% for MPLX LP

Analyst at ValuEngine are also talking about :

  • 10/1/2020 – Viewray was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. (View)
  • 10/1/2020 – TIM Participacoes was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating. (View)
  • 10/1/2020 – New Home was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating. (View)
  • 10/1/2020 – Myovant Sciences was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. (View)

MPLX LP (NYSE:MPLX) Moving Average Technical Analysis

5 day Moving Average is $16.14 And 5 day price change is -$0.15 (-0.94%)  with average volume for 5 day average is 3,198,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $17.13 and 20 day price change is -$2.15 (-12.02%) and average 20 day moving volume is 3,118,730. 50 day moving average is $18.11  and 50 day price change is -$3.35 ( -17.55%)  and with average volume for 50 days is : 2,814,084. 200 day moving average is $18.92  and 200 day price change is -$9.00 (-36.38%)  and with average volume for 200 days is : 4,071,638.

See More Analyst Rating at: RATING