NYSE:MMP - Magellan Midstream Partners Stock Price, Forecast & News

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MMP stock has decreased by 21.4% and is now trading at $34.76. View which stocks have been mosted impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Magellan Midstream Partners.

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Magellan Midstream Partners.

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its earnings results on Thursday, January, 30th. The pipeline company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.18 by $0.07. The pipeline company earned $740.68 million during the quarter, compared to analyst estimates of $840.57 million. Magellan Midstream Partners had a return on equity of 40.94% and a net margin of 37.42%. The business's quarterly revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. View Magellan Midstream Partners' earnings history.

Magellan Midstream Partners announced a quarterly dividend on Wednesday, January 22nd. Stockholders of record on Friday, February 7th will be paid a dividend of $1.0275 per share on Friday, February 14th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date is Thursday, February 6th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.02. View Magellan Midstream Partners' dividend history.

Magellan Midstream Partners updated its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of Approx $4.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.73.

15 brokerages have issued 1-year price targets for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $71.00. On average, they anticipate Magellan Midstream Partners' share price to reach $59.60 in the next twelve months. This suggests a possible upside of 71.5% from the stock's current price. View analysts' price targets for Magellan Midstream Partners.

News stories about MMP stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a news sentiment score of 0.6 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMagellan Midstream Partners.

Magellan Midstream Partners saw a increase in short interest in March. As of March 13th, there was short interest totaling 5,290,400 shares, an increase of 13.8% from the February 27th total of 4,650,000 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 3.7 days. Currently, 2.3% of the company's shares are sold short. View Magellan Midstream Partners' Current Options Chain.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), BP Midstream Partners (BPMP), PBF Logistics (PBFX), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX) and Blueknight Energy Partners (BKEP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Midstream Partners investors own include Enterprise Products Partners (EPD), AT&T (T), Energy Transfer LP Unit (ET), AbbVie (ABBV), Johnson & Johnson (JNJ), Verizon Communications (VZ), Cisco Systems (CSCO), Exxon Mobil (XOM), Kinder Morgan (KMI) and Chevron (CVX).

Magellan Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMP."

Shares of MMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MMP stock can currently be purchased for approximately $34.76.

Magellan Midstream Partners has a market capitalization of $7.92 billion and generates $2.73 billion in revenue each year. The pipeline company earns $1.02 billion in net income (profit) each year or $4.76 on an earnings per share basis. Magellan Midstream Partners employs 1,884 workers across the globe. View additional information about Magellan Midstream Partners.

The official website for Magellan Midstream Partners is http://www.magellanlp.com/.

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The pipeline company can be reached via phone at 918-574-7000 or via email at [email protected]