MPLX LP (MPLX) is Initiated by Credit Suisse to Neutral

MPLX LP (MPLX) is Initiated by Credit Suisse to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of MPLX LP (NYSE:MPLX) ended Thursday session in red amid volatile trading. The shares closed down 0.71 points or 2.21% at $31.43 with 2,301,080 shares getting traded. Post opening the session at $31.98, the shares hit an intraday low of $30.25 and an intraday high of $31.98 and the price vacillated in this range throughout the day. The company has a market cap of $2,577 million and the number of outstanding shares has been calculated to be 81,976,236 shares. The 52-week high of MPLX LP (NYSE:MPLX) is $85.57 and the 52-week low is $26.38.

During the last several months other analysts have commented on the company rating. Ladenburg Thalmann initiates coverage on MPLX LP (NYSE:MPLX) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $79 per share. The rating by the firm was issued on November 30, 2015.

Research firm Zacks has rated MPLX LP (NYSE:MPLX) and has ranked it at 5, indicating that for the short term the shares are a strong sell. 8 Wall Street analysts have given the company an average rating of 2. The shares has received a hold rating based on the suggestion from 4 analysts in latest recommendations. Strong buy was given by 4 Wall Street Analysts.

MPLX LP (NYSE:MPLX): The mean short term price target for MPLX LP (NYSE:MPLX) has been established at $58.63 per share. The higher price target estimate is at $87 and the lower price target estimate is expected at $38 according to 8 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $16.99

MPLX LP has lost 4.47% in the last five trading days and dropped 24.27% in the last 4 weeks. MPLX LP has dropped 27.32% during the last 3-month period . Year-to-Date the stock performance stands at -55.9%.

MPLX LP, is a fee-based limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Company’s assets consist of a 51% indirect interest in a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. Effective March 1, 2014, MPLX LP, a majority-owned unit Marathon Petroleum Corp (MPC), raised its stake to 56%, from 51%, by acquiring a further 5%, in MPLX Pipe Holdings LP. Effective March 1, 2014, MPLX LP raised its stake to 69% from 56%, by acquiring a 13% stake, in MPLX Pipe Line Holdings LP.