Stock in Focus: Mplx LP (MPLX)

Company Profile:

MPLX LP owns, operates, develops, and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined product, and other hydrocarbon-based products in the United States. As of December 31, 2014, the company owned a 99.5% interest in an entity, which in turn collectively owned and operated a network of pipeline systems that include approximately 1,004 miles of common carrier crude oil pipelines; and approximately 1,902 miles of common carrier product pipelines in 9 states. It also holds a 100% interest in butane cavern located in Neal, West Virginia with approximately 1 million barrels of storage capacity. The company was founded in 2012 and is headquartered in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.

Recent News:

On June 12, 2015, Alerian announced that MPLX LP (MPLX) will be added to the Alerian Energy Infrastructure Index (CME:AMEI).

The company has a trailing twelve month EPS of 1.6090. The consensus analyst estimates according to First Call for the next quarter is 0.6200. The current year EPS estimate on the stock is 2.3600 and the EPS estimate for next year sits at 3.1600.

MPLX LP (MPLX) reported first-quarter 2015 net income attributable to MPLX of $45.6 million, or $0.46 per common limited partner unit, compared with $34.2 million, or $0.41 per common limited partner unit, for the first quarter of 2014.

 

Fundemental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

MPLX’s strengths can be seen in its better growth and strong profitability. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI is increasing to 49.62. We rate MPLX LP (MPLX) a Strong BUY.

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