Skip to main content

Barclays Sticks to Their Buy Rating for MPLX (MPLX)

Tipranks - Thu Feb 5, 3:30AM CST

Barclays analyst Theresa Chen maintained a Buy rating on MPLX today and set a price target of $55.00.

Claim 50% Off TipRanks Premium

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

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.