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

$34.76
-1.73 (-4.74 %)
(As of 04/1/2020 04:00 PM ET)
Today's Range
$33.60
Now: $34.76
$35.56
50-Day Range
$27.78
MA: $47.56
$60.80
52-Week Range
$22.02
Now: $34.76
$67.75
Volume2.15 million shs
Average Volume2.09 million shs
Market Capitalization$7.92 billion
P/E Ratio7.79
Dividend Yield11.26%
Beta0.7
Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. It operates through the following segments: Refined Products, Crude Oil and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.
Read More
Magellan Midstream Partners logo

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone918-574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$6.10 per share
Book Value$11.89 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Employees1,884
Market Cap$7.92 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

How has Magellan Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of Magellan Midstream Partners?

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.

When is Magellan Midstream Partners' next earnings date?

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.

How were Magellan Midstream Partners' earnings last quarter?

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.

How often does Magellan Midstream Partners pay dividends? What is the dividend yield for Magellan Midstream Partners?

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.

What guidance has Magellan Midstream Partners issued on next quarter's earnings?

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.

What price target have analysts set for MMP?

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.

Has Magellan Midstream Partners been receiving favorable news coverage?

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.

Are investors shorting Magellan 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.

Who are some of Magellan Midstream Partners' key competitors?

What other stocks do shareholders of Magellan Midstream Partners own?

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).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Melanie A. Little, Senior Vice President-Operations
  • Aaron L. Milford, Senior VP, Chief Financial & Accounting Officer
  • Larry J. Davied, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

What is Magellan Midstream Partners' stock symbol?

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

How do I buy shares of 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.

What is Magellan Midstream Partners' stock price today?

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

How big of a company is Magellan Midstream Partners?

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.

What is Magellan Midstream Partners' official website?

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

How can I contact Magellan Midstream Partners?

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]


MarketBeat Community Rating for Magellan Midstream Partners (NYSE MMP)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  501 (Vote Outperform)
Underperform Votes:  572 (Vote Underperform)
Total Votes:  1,073
MarketBeat's community ratings are surveys of what our community members think about Magellan Midstream Partners and other stocks. Vote "Outperform" if you believe MMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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