XTRA:MLPCapital Markets
MLP (XTRA:MLP) Stock Can Record H1 Growth Justify Its 13x P/E
MLP stock has quietly climbed over the past month, yet today’s €8.23 close meets a set of Q2 numbers that look more about endurance than excitement. Basic earnings per share came in at €0.11 on revenue of €268.6m, which keeps the earnings story on track but without fireworks.
The main point of interest for long term investors sits in the backdrop. Trailing twelve month earnings of €69.1m and a P/E of 13x against higher peer and industry averages keep the valuation debate alive. The market is...