Summary:
- MPLX has acquired a stake in the Matterhorn Express Pipeline, expanding its role in natural gas transportation.
- Analysts predict a potential upside for MPLX stock with an average price target of $56.87.
- Despite the forecasted upside, GuruFocus estimates indicate a potential downside based on the GF Value metric.
MPLX LP (MPLX), in collaboration with Enbridge (ENB) and I Squared, has strategically expanded its asset portfolio by acquiring a stake in the Matterhorn Express Pipeline from Devon Energy and Ridgemont Equity Partners. This strategic move grants MPLX a 10% share, significantly bolstering its exposure to the lucrative natural gas transport sector.
Wall Street Analysts' Forecast
Compiled data from 14 Wall Street analysts reveal an average one-year price target for MPLX LP (MPLX) at $56.87, with the estimates peaking at $64.00 and the lowest at $49.11. This average target reflects a potential upside of 14.21% from the current market price of $49.79. For a detailed breakdown of these estimates, visit the MPLX LP (MPLX, Financial) Forecast page.
Furthermore, from the collective insights of 15 brokerage firms, MPLX LP (MPLX) currently holds an average brokerage recommendation of 2.3, indicating an "Outperform" status. This recommendation scale ranges from 1, signifying a Strong Buy, to 5, which signifies a Sell.
However, when viewed through the lens of GuruFocus estimates, the GF Value for MPLX LP (MPLX) over the next year is projected at $44.52. This suggests a potential downside of 10.58% from its current price of $49.79. GF Value is a proprietary metric by GuruFocus, providing an estimate of the stock's fair trading value, calculated using historical trading multiples and past and future business performance metrics. For an in-depth analysis, explore the MPLX LP (MPLX, Financial) Summary page.
