Barclays (LON:BARC) analyst Christine Cho CFA maintained a Buy rating on MPLX (NYSE:MPLX) LP on Thursday, setting a price target of $24, which is approximately 41.43% above the present share price of $16.97.
Cho CFA expects MPLX LP to post earnings per share (EPS) of $0.58 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in MPLX, with an average price target of $22.63.
The analysts price targets range from a high of $25 to a low of $18.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.93 billion and a net profit of $789 million. The company's market cap is $17.95 billion.
According to TipRanks.com, Barclays analyst Christine Cho CFA is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.4% and a 48.61% success rate.
MPLX LP engages in the transportation, storage, and distribution of crude oil and refined petroleum products; natural gas; and natural gas liquids. It operates through the Logistics and Storage, and Gathering and Processing segments. The Logistics and Storage segment includes transportation and storage of crude oil, refined products, and other hydrocarbon-based products. The Gathering and Processing segment engages in gathering and processing of natural gas. The company was founded in March 27, 2012 and is headquartered in Findlay, OH.