Barclays Sticks to Their Buy Rating for MPLX (MPLX)
Barclays analyst Theresa Chen maintained a Buy rating on MPLX today and set a price target of $55.00.
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Chen covers the Energy sector, focusing on stocks such as Valero Energy, Enterprise Products Partners, and MPLX. According to TipRanks, Chen has an average return of 15.3% and a 73.21% success rate on recommended stocks.
In addition to Barclays, MPLX also received a Buy from TipRanks – Google’s Google Oil and Gas Midstream in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on MPLX (NYSE: MPLX).
Based on MPLX’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.62 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $2.78 billion and had a net profit of $1.04 billion
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