Equities research analysts expect Mplx Lp (NYSE:MPLX) to announce earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Mplx’s earnings, with estimates ranging from $0.56 to $0.72. Mplx posted earnings per share of $0.31 in the same quarter last year, which suggests a positive year over year growth rate of 112.9%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 7th.

On average, analysts expect that Mplx will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.41 to $2.47. For the next year, analysts anticipate that the company will post earnings of $2.59 per share, with EPS estimates ranging from $2.36 to $2.86. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Mplx.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Mplx had a return on equity of 21.03% and a net margin of 27.99%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 74.7% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Goldman Sachs Group lowered Mplx from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Monday, October 8th. Zacks Investment Research downgraded Mplx from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 11th. Credit Suisse Group initiated coverage on Mplx in a research report on Thursday, October 11th. They issued an “outperform” rating and a $45.00 target price for the company. Bank of America restated a “neutral” rating and issued a $41.00 target price (up from $36.00) on shares of Mplx in a research report on Thursday, December 6th. Finally, Citigroup cut their target price on Mplx from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.08.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its position in shares of Mplx by 11.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,291 shares of the pipeline company’s stock valued at $493,000 after acquiring an additional 1,635 shares during the last quarter. Chickasaw Capital Management LLC lifted its position in shares of Mplx by 18.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 6,765,545 shares of the pipeline company’s stock valued at $204,996,000 after acquiring an additional 1,057,281 shares during the last quarter. Walnut Private Equity Partners LLC lifted its position in shares of Mplx by 3.1% during the 4th quarter. Walnut Private Equity Partners LLC now owns 49,846 shares of the pipeline company’s stock valued at $1,510,000 after acquiring an additional 1,500 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Mplx by 9.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 329,587 shares of the pipeline company’s stock valued at $11,074,000 after acquiring an additional 29,505 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Mplx by 3.5% during the 3rd quarter. Clearbridge Investments LLC now owns 2,747,559 shares of the pipeline company’s stock valued at $95,285,000 after acquiring an additional 93,270 shares during the last quarter. Hedge funds and other institutional investors own 31.13% of the company’s stock.

MPLX stock traded up $0.03 on Friday, reaching $34.14. The company’s stock had a trading volume of 23,675 shares, compared to its average volume of 2,121,818. Mplx has a 52 week low of $28.32 and a 52 week high of $39.24. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 2.19 and a beta of 1.19. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.77 and a quick ratio of 0.70.

About Mplx

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

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