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Morgan Stanley Stick to Their Hold Rating for MPLX LP

Published 12/11/2020, 11:48 AM
Updated 12/11/2020, 11:48 AM


Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on MPLX (NYSE:MPLX) LP on Friday, setting a price target of $25, which is approximately 8.65% above the present share price of $23.01.

Byrd expects MPLX LP to post earnings per share (EPS) of $0.61 for the fourth quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in MPLX, with an average price target of $24.4.
The analysts price targets range from a high of $27 to a low of $20.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.1 billion and a net profit of $852 million. The company's market cap is $23.93 billion.

According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.1% and a 58.64% 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.

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