MPLX LP stock gained despite market dip, upcoming earnings look promising.

From Nasdaq: 2024-12-30 18:15:21

In the latest market close, MPLX LP (MPLX) reached $47.69, outperforming S&P 500. The stock has depreciated by 8.09% over the past month. The upcoming earnings release on February 4, 2025, predicts an EPS of $1.03 and revenue of $3.06 billion. Analyst estimates and Zacks Rank suggest potential stock movement.

MPLX LP’s valuation includes a Forward P/E ratio of 11.37, a discount compared to the industry average. The PEG ratio stands at 2.83, indicating potential growth. The company operates in the Oil and Gas sector, with an industry rank of 220 out of 250. Zacks Industry Rank shows potential stock impact metrics.

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Read more at Nasdaq: Why the Market Dipped But MPLX LP (MPLX) Gained Today