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MPLX LP is an oil & gas midstream business based in the US. MPLX shares (MPLX) are listed on the NYSE and all prices are listed in US Dollars.
|52-week range||$13.74 - $28.45|
|50-day moving average||$26.39|
|200-day moving average||$23.45|
|Wall St. target price||$29.80|
|Dividend yield||$2.75 (9.72%)|
|Earnings per share (TTM)||$2.50|
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Valuing MPLX stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MPLX's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
MPLX's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, MPLX shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
MPLX's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2735. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into MPLX's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
MPLX's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.8 billion.
The EBITDA is a measure of a MPLX's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$8.6 billion|
|Operating margin TTM||39.43%|
|Gross profit TTM||$5.2 billion|
|Return on assets TTM||5.45%|
|Return on equity TTM||-4.35%|
|Market capitalisation||$29.2 billion|
TTM: trailing 12 months
There are currently 16.9 million MPLX shares held short by investors – that's known as MPLX's "short interest". This figure is 5.3% down from 17.8 million last month.
There are a few different ways that this level of interest in shorting MPLX shares can be evaluated.
MPLX's "short interest ratio" (SIR) is the quantity of MPLX shares currently shorted divided by the average quantity of MPLX shares traded daily (recently around 2.3 million). MPLX's SIR currently stands at 7.48. In other words for every 100,000 MPLX shares traded daily on the market, roughly 7480 shares are currently held short.
However MPLX's short interest can also be evaluated against the total number of MPLX shares, or, against the total number of tradable MPLX shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case MPLX's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 MPLX shares in existence, roughly 20 shares are currently held short) or 0.0435% of the tradable shares (for every 100,000 tradable MPLX shares, roughly 44 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against MPLX.
Find out more about how you can short MPLX stock.
Dividend payout ratio: 1.09% of net profits
Recently MPLX has paid out, on average, around 1.09% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.71% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MPLX shareholders could enjoy a 9.71% return on their shares, in the form of dividend payments. In MPLX's case, that would currently equate to about $2.75 per share.
While MPLX's payout ratio might seem low, this can signify that MPLX is investing more in its future growth.
MPLX's most recent dividend payout was on 11 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 5 May 2021 (the "ex-dividend date").
Over the last 12 months, MPLX's shares have ranged in value from as little as $13.7369 up to $28.45. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while MPLX's is 1.8684. This would suggest that MPLX's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. Its pipeline network located throughout the United States and Alaska; storage caverns consist of butane, propane, and liquefied petroleum gas storage with locations in Neal in West Virginia, Woodhaven in Michigan, Robinson in Illinois, and Jal in New Mexico; and marine business owns and operates boats and barges, including third-party chartered equipment, as well as a marine repair facility located on the Ohio River. The company also transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. In addition, its refining logistics assets operates 619 tanks with a storage capacity of approximately 56 million barrels; and 32 rail and truck racks, 18 docks, and gasoline blenders. Further, the company operates terminal facilities for the receipt, storage, blending, adultization, handling, and redelivery of refined petroleum products located throughout the continental United States and Alaska.
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