Evercore ISI analyst Todd Firestone maintained a Buy rating on MPLX (NYSE:MPLX) LP on Wednesday, setting a price target of $32, which is approximately 11.73% above the present share price of $28.64.
Firestone 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 $30.
The analysts price targets range from a high of $32 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 $29.7 billion.
According to TipRanks.com, Evercore ISI analyst Todd Firestone is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 31.2% and a 100.00% 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.