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

0.54 (-1.17%)

Updated Jan 15 7:00pm

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Overall POWR Rating


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 >

Price chart for MMP

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 PriceDCF 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 FlowReturn 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.


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.

New Strong Sell Stocks for January 8th

Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

Yahoo | January 8, 2021

Tesla Is ‘Definitely Overvalued,’ Says Bill Gross. What He’s Buying Instead.

Bill Gross’ end of 2020 may have been more eventful than most other people’s. Not only did the former Bond King spend the last weeks of the year in an Orange County, Calif., courthouse defending his right to blare the Gilligan’s Island theme song from his Laguna Beach mansion, he also managed to ponder what he calls the “Bubblicious stock market.” On Sept. 14, Gross warned that “there is little money to be made almost anywhere in the world” and urged investors to favor “shunned” areas such as tobacco, banks, and foreign companies listed on foreign exchanges. Finally, he got to the good stuff and re-examined the drivers of the run-up in the market, namely “intense speculation” as well as “fiscally pumped, central bank-primed corporate earnings” as the Federal Reserve moved real interes...

Yahoo | January 5, 2021

12 Best MLP and Pipeline Stocks To Buy Now

In this article, we present to you the 12 Best MLP and Pipeline Stocks To Buy Now, if you’re in a hurry you can click to skip ahead and jump to the 5 Best MLP and Pipeline Stocks To Buy Now. MLP structure has been around since 1981. It was when oil and gas producer […]

Yahoo | January 5, 2021

Magellan Midstream to Announce Fourth-Quarter 2020 Financial Results on Feb. 2

Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2020 before the market opens on Tues., Feb. 2. Management will discuss fourth-quarter 2020 earnings and annual guidance for 2021 during a conference call with analysts at 1:30 p.m. Eastern the same day.

Yahoo | January 4, 2021

5 Undervalued Oil Companies to Consider for 2021

Crude oil prices rose on US pandemic aid, Brexit deal

Yahoo | December 29, 2020

Read More 'MMP' Stories Here

MMP Price Returns

1-mo 2.59%
3-mo 30.05%
6-mo 13.52%
1-year N/A
3-year -23.30%
5-year 6.08%
YTD 7.28%
2020 -25.73%
2019 17.60%
2018 -14.90%
2017 -1.56%
2016 16.76%

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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