MPLX saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
MPLX is currently forming a flat base, with a 42.90 buy point. Look for the stock to break out in heavy trade at least 40% above average.
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The stock has a 93 EPS Rating, meaning its recent quarterly and annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 8% EPS growth. Revenue growth fell to 5%, down from 11% in the prior quarter.
MPLX holds the No. 3 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream is the No. 1-ranked stock within the group.
