Barclays analyst Christine Cho, CFA maintained a Buy rating on MPLX LP (MPLX) today and set a price target of $33. The company’s shares closed last Monday at $27.10, close to its 52-week low of $25.85.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.6% and a 45.5% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Dcp Midstream Partners Lp, and Targa Resources Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MPLX LP with a $34.80 average price target, which is a 31.2% upside from current levels. In a report issued on August 12, Credit Suisse also reiterated a Buy rating on the stock with a $33 price target.
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The company has a one-year high of $37.73 and a one-year low of $25.85. Currently, MPLX LP has an average volume of 2.43M.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MPLX in relation to earlier this year.
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MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.
