RBC Capital Reiterates Their Buy Rating on MPLX LP

By Austin Angelo

In a report issued on November 12, T J Schultz from RBC Capital reiterated a Buy rating on MPLX LP (NYSE: MPLX), with a price target of $46. The company’s shares closed yesterday at $33.72.

According to TipRanks.com, Schultz is a 5-star analyst with an average return of 12.3% and a 56.1% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, American Midstreampartners Lp, and Energy Transfer Partners LP.

MPLX LP has an analyst consensus of Strong Buy, with a price target consensus of $41.67.

MPLX LP’s market cap is currently $13.73B and has a P/E ratio of 36.80. The company has a book value ratio of 1.4085.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock.

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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.