Magellan Midstream Partners L.P. Limited Partnership (MMP): Price and Financial Metrics
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MMP POWR Grades
- MMP scores best on the Quality dimension, with a Quality rank ahead of 83.74% of US stocks.
- MMP's strongest trending metric is Momentum; it's been moving up over the last 31 weeks.
- MMP's current lowest rank is in the Sentiment metric (where it is better than 16.99% of US stocks).
MMP Stock Summary
- MMP has a market capitalization of $10,346,925,786 -- more than approximately 81.59% of US stocks.
- For MMP, its debt to operating expenses ratio is greater than that reported by 93.09% of US equities we're observing.
- Revenue growth over the past 12 months for Magellan Midstream Partners LP comes in at -19.98%, a number that bests just 18.41% of the US stocks we're tracking.
- If you're looking for stocks that are quantitatively similar to Magellan Midstream Partners LP, a group of peers worth examining would be WES, LSI, EMRAF, KIM, and OHI.
- 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 Valuation Summary
- MMP's price/earnings ratio is 14.3; this is 15.88% lower than that of the median Energy stock.
- MMP's price/sales ratio has moved down 0.1 over the prior 243 months.
- Over the past 243 months, MMP's price/sales ratio has gone down 0.1.
Below are key valuation metrics over time for MMP.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| MMP | 2018-09-17 | 6.1 | 7.3 | 18.1 | 18.6 |
| MMP | 2017-01-06 | 8.0 | 8.5 | 22.0 | 21.9 |
| MMP | 2010-05-14 | 4.3 | 4.1 | 24.7 | 21.9 |
| MMP | 2008-12-05 | 1.5 | 2.0 | 8.8 | 7.4 |
| MMP | 2007-07-18 | 2.5 | 3.8 | 20.8 | 15.6 |
| MMP | 2002-08-29 | 3.9 | 8.0 | 17.8 | 15.0 |
MMP Price Target
For more insight on analysts targets of MMP, see our MMP price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $51.11 | Average Broker Recommendation | 1.73 (Moderate Buy) |
MMP Stock Price Chart Interactive Chart >
MMP Price/Volume Stats
| Current price | $46.35 | 52-week high | $53.85 |
| Prev. close | $46.34 | 52-week low | $32.61 |
| Day low | $45.85 | Volume | 1,247,200 |
| Day high | $46.69 | Avg. volume | 1,390,932 |
| 50-day MA | $49.41 | Dividend yield | 8.87% |
| 200-day MA | $44.46 | Market Cap | 10.35B |
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: |
| $46.35 | $26.73 | -45% |
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. Our DCF analysis suggests the stock is overvalued by about 45%. 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 8%; for context, that number is higher than only 8.79% 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 only 24.03% 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 only 12.01% of stocks in its sector (Energy).
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | -46% |
| 1% | -46% |
| 2% | -45% |
| 3% | -45% |
| 4% | -44% |
| 5% | -44% |
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MMP, try EOG, CLR, BOOM, NOG, and ALTO.
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.
Magellan Midstream Declares Cash Distribution of $1.0275 for Second Quarter 2021The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0275 per unit for the period April 1 through June 30, 2021. |
Down 8.3% in 4 Weeks, Here's Why You Should You Buy the Dip in Magellan Midstream (MMP)The heavy selling pressure might have exhausted for Magellan Midstream (MMP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. |
Plains All American (PAA) and Oryx Form Permian Basin JVPlains All American (PAA) is poised to gain from its JV with Oryx Midstream Holdings in the Permian Basin. Rising production and midstream services demand, and cost synergies are set to drive the JV. |
Tesla, Cal-Maine Foods, Energy Transfer, Magellan Midstream Partners and Plains GP Holdings highlighted as Zacks Bull and Bear of the DayTesla, Cal-Maine Foods, Energy Transfer, Magellan Midstream Partners and Plains GP Holdings highlighted as Zacks Bull and Bear of the Day |
Penn Virginia (PVAC) Signs All-Stock Merger Deal With LonestarFollowing the deal closure, Penn Virginia (PVAC) shareholders will own 87% of the merged entity and Lonestar shareholders will own the rest. |
MMP Price Returns
| 1-mo | -7.61% |
| 3-mo | 2.08% |
| 6-mo | 7.08% |
| 1-year | 22.33% |
| 3-year | -17.54% |
| 5-year | -11.51% |
| YTD | 14.37% |
| 2020 | -25.73% |
| 2019 | 17.60% |
| 2018 | -14.90% |
| 2017 | -1.56% |
| 2016 | 16.76% |
MMP Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
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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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