MPLX LP Reports First-Quarter 2016 Financial Results
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May 2, 2016 6:46 AM EDT
RBC Capital initiated coverage on MPLX LP (NYSE: MPLX) with an Outperform rating and a price target of $45.00.
For an analyst ratings summary and ratings history on MPLX LP click here. For more ratings news on MPLX LP click here.
Shares of MPLX LP closed at $32.19 yesterday.
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April 29, 2016 8:22 AM EDT
(Updated - April 29, 2016 9:22 AM EDT)
Stifel upgraded MPLX LP (NYSE: MPLX) from Hold to Buy with a price target of $36. Analyst Selman Akyol said the company's private preferred issuance removes near term equity needs.
"MPLX LP reported a relatively in... More
April 29, 2016 6:45 AM EDT
Credit Suisse upgraded MPLX LP (NYSE: MPLX) from Neutral to Outperform with a price target of $40.00 (from $35.00).
Analyst J. Edwards commented, "We are upgrading MPLX on a solid beat this quarter and rising likelihood of dropdowns before the 2019 timeline outlined in... More
April 28, 2016 8:45 AM EDT
MPLX LP (NYSE: MPLX) reported Q1 EPS of ($0.33), $0.52 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $609 million versus the consensus estimate of $613.9 million.
Reaffirmed guidance of 12 to 15 percent distribution growth rate over the prior year; expect double-digit... More
