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
Updated Jul 2 7:00pm
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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 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 Price | DCF 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 Flow | Return 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.
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