Jefferies Issues a Buy Rating on MPLX LPBy Ryan Adsit
According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 11.0% and a 62.9% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, National Fuel Gas Company, and EnLink Midstream Partners.
MPLX LP has an analyst consensus of Strong Buy, with a price target consensus of $45.
Based on MPLX LP’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $723 million and quarterly net profit of $78 million. In comparison, last year the company earned revenue of $605 million and had a GAAP net loss of $99 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MPLX LP is a fee-based, growth-oriented master limited partnership. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products. The company operates through two segments: Logistics and Storage & Gathering and Processing. 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. MPLX was founded in March 27, 2012 and is headquartered in Findlay, OH.