MPLX stock price staying above short-term technical averages signals bullish sector momentum, particularly as natural gas transport contracts remain robust. One should further note that MPLX currently holds a PEG ratio of 1.39. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Oil and Gas - Production and Pipelines industry held an average PEG ratio of 2.24. Let's take a look at what these Wall Street heavyweights have to say about MPLX LP (MPLX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. MPLX stock price’s recent uptick is backed by optimistic forward EBITDA estimates, with consensus forecasting mid-single-digit annual growth through
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