NYSE:MMPMagellan Midstream Partners Stock Price, Forecast & News

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMP shares have decreased by 3.1% and is now trading at $42.90. View which stocks have been most impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 hold ratings and 16 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 Thursday, August 6th 2020. View our earnings forecast for Magellan Midstream Partners.

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings results on Friday, May, 1st. The pipeline company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.03 by $0.25. The pipeline company had revenue of $782.80 million for the quarter, compared to the consensus estimate of $676.67 million. Magellan Midstream Partners had a return on equity of 43.14% and a net margin of 38.20%. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. View Magellan Midstream Partners' earnings history.

Magellan Midstream Partners announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be paid a dividend of $1.028 per share on Friday, May 15th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date is Thursday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.03. View Magellan Midstream Partners' dividend history.

18 analysts have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $69.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $53.83 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price. View analysts' price targets for Magellan Midstream Partners.

Press coverage about MMP stock has trended very negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Magellan Midstream Partners.

Magellan Midstream Partners saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,810,000 shares, an increase of 6.0% from the May 31st total of 5,480,000 shares. Based on an average daily volume of 2,180,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.6% of the company's stock 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), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all competitors.

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), Johnson & Johnson (JNJ), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE) and Kinder Morgan (KMI).

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

Magellan Midstream Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Birch Capital Management LLC (0.00%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View institutional ownership trends for Magellan Midstream Partners.

MMP stock was bought by a variety of institutional investors in the last quarter, including Birch Capital Management LLC. View insider buying and selling activity for Magellan Midstream Partners.

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 $42.90.

Magellan Midstream Partners has a market capitalization of $9.65 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.

The official website for Magellan Midstream Partners is 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]