Magellan Midstream Partners L.P. Limited Partnership (MMP): Price and Financial Metrics
Magellan Midstream Partners L.P. Limited Partnership (MMP)
Today's Latest Price: $45.53 USD
Updated Jan 15 7:00pm
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POWR Components:
Trade Grade Buy & Hold Grade Peer Grade Industry Rank
Industry Rank:
Ranked of 44 in MLPs - Oil & Gas
See all "A" rated Strong Buy stocks
MMP Stock Summary
- With a price/earnings ratio of 11.21, Magellan Midstream Partners LP P/E ratio is greater than that of about only 16.23% of stocks in our set with positive earnings.
- The ratio of debt to operating expenses for Magellan Midstream Partners LP is higher than it is for about 93.42% of US stocks.
- The volatility of Magellan Midstream Partners LP's share price is greater than that of just 13.37% US stocks with at least 200 days of trading history.
- If you're looking for stocks that are quantitatively similar to Magellan Midstream Partners LP, a group of peers worth examining would be LSI, FRO, STOR, AQN, and KIM.
- MMP's SEC filings can be seen here. And to visit Magellan Midstream Partners LP's official web site, go to www.magellanlp.com.
MMP Stock Price Chart Interactive Chart >
MMP Price/Volume Stats
| Current price | $45.53 | 52-week high | $65.33 |
| Prev. close | $46.07 | 52-week low | $22.02 |
| Day low | $44.77 | Volume | 791,400 |
| Day high | $45.96 | Avg. volume | 1,113,570 |
| 50-day MA | $42.69 | Dividend yield | 9.03% |
| 200-day MA | $40.81 | Market Cap | 10.19B |
Magellan Midstream Partners L.P. Limited Partnership (MMP) Company Bio
Magellan Midstream Partners LP engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage. The company was founded in 2000 and is based in Tulsa, Oklahoma.
MMP Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $45.53 | $25.81 | -43% |
We started the process of determining a valid price forecast for Magellan Midstream Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Magellan Midstream Partners LP ranked in the 38th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 43%. In terms of the factors that were most noteworthy in this DCF analysis for MMP, they are:
- Magellan Midstream Partners LP's weighted average cost of capital (WACC) is 8%; for context, that number is higher than just 6.44% of tickers in our DCF set.
- Magellan Midstream Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 23.03% of US stocks with positive free cash flow.
- The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 13.01% of stocks in its sector (Energy).
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | -44% |
| 1% | -44% |
| 2% | -43% |
| 3% | -43% |
| 4% | -42% |
| 5% | -42% |
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MMP, try CVX, NGS, NNA, RNET, and FGPRQ.
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