MPLX LP MPLX was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 2.3% in the past one-month time frame
The move came after the company reported better-than-expected third-quarter results.
The Zacks Consensus Estimate for the current quarter has seen four upward versus one downward movement over past two months. As a result, our consensus estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for MPLX LP So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
MPLX LP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better ranked stock in the Oil and Gas - Production and Pipelines industry is Ultrapar Participacoes S.A. UGP which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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