Magellan Midstream Partners L.P. Limited Partnership (MMP): Price and Financial Metrics


Magellan Midstream Partners L.P. Limited Partnership (MMP)

Today's Latest Price: $43.02 USD

0.12 (0.28%)

Updated Jul 2 7:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 56 in MLPs - Oil & Gas

See all "A" rated Strong Buy stocks

MMP Stock Summary

  • MMP has a market capitalization of $9,715,679,910 -- more than approximately 85.48% of US stocks.
  • MMP's current price/earnings ratio is 8.83, which is higher than merely 19.26% of US stocks with positive earnings.
  • The ratio of debt to operating expenses for Magellan Midstream Partners LP is higher than it is for about 92.48% of US stocks.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Magellan Midstream Partners LP are KW, GTY, STAY, PLNT, and KIM.
  • Visit MMP's SEC page to see the company's official filings. To visit the company's web site, go to www.magellanlp.com.
MMP Daily Price Range
MMP 52-Week Price Range

MMP Stock Price Chart Technical Analysis Charts


MMP Price/Volume Stats

Current price $43.02 52-week high $67.75
Prev. close $42.90 52-week low $22.02
Day low $42.21 Volume 1,203,414
Day high $43.56 Avg. volume 1,814,661
50-day MA $43.60 Dividend yield 9.55%
200-day MA $53.31 Market Cap 9.68B

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 PriceDCF Fair Value Target:Forecasted Gain:
$43.02$29.65-28%

Below please find a table outlining a discounted cash flow forecast for MMP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Magellan Midstream Partners LP ranked in the 39th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Magellan Midstream Partners LP ended up being:

  • Magellan Midstream Partners LP's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 11.01% 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 22.53% of US stocks with positive free cash flow.
  • Relative to other stocks in its sector (Energy), Magellan Midstream Partners LP has a reliance on debt greater than only 24.74% of them.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-29%
1%-29%
2%-28%
3%-27%
4%-27%
5%-26%

VLO, PNRG, CLMT, EQNR, and OIS can be thought of as valuation peers to MMP, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.


MMP Latest News Stream


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Latest MMP News From Around the Web

Below are the latest news stories about Magellan Midstream Partners LP that investors may wish to consider to help them evaluate MMP as an investment opportunity.

Were Hedge Funds Right About Magellan Midstream Partners, L.P. (MMP)?

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

Yahoo | July 1, 2020

Better Buy: Magellan Midstream Partners vs. Enterprise Products Partners L.P.

With yields of roughly 10%, Enterprise Products Partners (NYSE: EPD) and Magellan Midstream Partners (NYSE: MMP) are certainly offering a level of income that will attract dividend-focused investors. The first big question for investors is whether Enterprise and Magellan are even worth looking at, given that oil is in the doldrums. Both of these master limited partnerships generate the lion's share of their operating margins (85% or more) from fee-based businesses.

Yahoo | June 30, 2020

Magellan Midstream wins Barron's bounce for vital network, attractive yield

Magellan Midstream Partners ([[MMP]] +3.2%) opens with strong gains following a positive weekend analysis in Barron's, which notes its 9,800-mile pipeline network provides 50% or more of the refined products in several states.Magellan's fat distribution - currently yielding 10% - appears secure despite the economic downturn that has cut fuel...

Seeking Alpha | June 29, 2020

Magellan Midstream wins Barron's bounce for vital network, attractive yield (NYSE:MMP)

Magellan Midstream Partners (MMP +3.2%) opens with strong gains following a positive weekend analysis in Barron's, which notes its 9,800-mile pipeline netw

Seeking Alpha | June 29, 2020

Magellan Midstream Has a Vital Pipeline Network and an Attractive Yield

The Tulsa company’s main business is operating a 9,800-mile pipeline network that carries gasoline, diesel fuel, and other petroleum products from refineries in Texas and the Midwest throughout the central part of the country. The distribution—the master limited partnership’s form of dividends—appears secure despite the economic downturn that has cut fuel demand. The depressed price reflects in part investors’ distaste for the energy industry and the once-hot pipeline business.

Yahoo | June 26, 2020

Read More 'MMP' Stories Here

MMP Price Returns

1-mo -8.76%
3-mo 23.79%
6-mo -28.95%
1-year -28.59%
3-year -25.28%
5-year -22.01%
YTD -28.67%
2019 17.60%
2018 -14.90%
2017 -1.56%
2016 16.76%
2015 -14.49%

MMP Dividends

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Continue Researching MMP

Here are a few links from around the web to help you further your research on Magellan Midstream Partners LP's stock as an investment opportunity:

Magellan Midstream Partners LP (MMP) Stock Price | Nasdaq
Magellan Midstream Partners LP (MMP) Stock Quote, History and News - Yahoo Finance
Magellan Midstream Partners LP (MMP) Stock Price and Basic Information | MarketWatch


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