Zacks Investment Research downgraded MPLX LP (NYSE:MPLX) to Strong Sell in a report released today.
- Updated: September 28, 2016
Just yesterday MPLX LP (NYSE:MPLX) traded 2.29% higher at $33.06. MPLX LP’s 50-day moving average is $33.01 and its 200-day moving average is $31.96. The last stock price is up 3.45% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,135,058 shares of MPLX traded hands, up from an average trading volume of 1,040,960
Zacks Investment Research has downgraded MPLX LP (NYSE:MPLX) to Strong Sell in a report released on 09/29/2016.
Previously on 9/9/2016, FBR & Co released a statement about MPLX LP (NYSE:MPLX) increased the target price from $0.00 to $35.00. At the time, this indicated a possible upside of 0.02%.
Recent Performance Chart
MPLX LP has 52 week low of $16.34 and a 52 week high of $45.63 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $37.86 with 2 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On MPLX LP (NYSE:MPLX)
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company's segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity.
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