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


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

Today's Latest Price: $34.62 USD

0.28 (-0.80%)

Updated Sep 30 2:32pm

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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 $7,854,464,416 -- more than approximately 82.84% of US stocks.
  • MMP's current price/earnings ratio is 8.01, which is higher than merely 14.19% 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 93.52% of US stocks.
  • Stocks that are quantitatively similar to MMP, based on their financial statements, market capitalization, and price volatility, are RESI, PLNT, MESA, BBGI, and FRO.
  • 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 Daily Price Range
MMP 52-Week Price Range

MMP Stock Price Chart Technical Analysis Charts


MMP Price/Volume Stats

Current price $34.62 52-week high $66.48
Prev. close $34.90 52-week low $22.02
Day low $34.60 Volume 503,745
Day high $35.52 Avg. volume 1,617,802
50-day MA $38.89 Dividend yield 11.78%
200-day MA $46.05 Market Cap 7.79B

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:
$34.62$20.52 -41%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Magellan Midstream Partners LP. To summarize, we found that Magellan Midstream Partners LP ranked in the 33th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 40.83%. The most interesting components of our discounted cash flow analysis for Magellan Midstream Partners LP ended up being:

  • The company's compound free cash flow growth rate over the past 5.45 years comes in at -0.05%; that's greater than only 19.28% of US stocks we're applying DCF forecasting to.
  • Magellan Midstream Partners LP's weighted average cost of capital (WACC) is 7%; for context, that number is higher than just 5.62% of tickers in our DCF set.
  • The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 13.65% of stocks in its sector (Energy).


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-42%
1%-42%
2%-41%
3%-41%
4%-40%
5%-39%

Want more companies with a valuation profile/forecast similar to that of Magellan Midstream Partners LP? See NOV, PBR, VLO, BTE, and FET.


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.

Magellan Midstream Partners: This 12.2% Yielder Is A Conviction Buy At Its Current Price

Magellan Midstream Partners (MMP) has plunged 46% this year due to the coronavirus crisis. The stock price has been hit by the indiscriminate sell-off of the entire energy sector, but Magellan is one of the most resilient energy companies, thanks to its rock-solid business model. As a result, the company...

Aristofanis Papadatos on Seeking Alpha | September 28, 2020

Magellan Midstream: A Bubble Beater That Yields 11%

This article was coproduced with Dividend Sensei. It’s almost like we’re back in 1999 – perhaps even very early 2000 – where every tech possibility is automatically loved and the market responds accordingly. Admittedly, the current tech selloff seems to negate that somewhat. Yet unprofitable tech company Snowflake (SNOW) went...

Brad Thomas on Seeking Alpha | September 19, 2020

Magellan Midstream to Participate in Barclays Virtual Investor Conference

TULSA, Okla., Sept. 3, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the Barclays CEO Energy-Power Conference at 4:25 p.m….

PR Newswire | September 3, 2020

Magellan Midstream Partners LP (MMP) Q2 2020 Earnings Call Transcript

As you probably saw this morning, our second quarter results exceeded our expectations due to a number of favorable items, including additional product overages, higher than expected commodity prices and lower operating expenses. Then I'll be back to discuss our latest outlook for 2020 before opening the call for your questions.

Yahoo | July 31, 2020

Magellan Midstream sees lower fuel pipeline volumes for rest of 2020

Magellan Midstream Partners LP said on Thursday its refined products pipeline volumes are expected to decline in the second half of this year as fuel demand remains depressed due to the pandemic. Global oil demand plunged by about 30% in April as coronavirus-related lockdowns restricted travel worldwide and sent oil prices crashing. Average base refined products pipeline volumes is expected to fall 6% for gasoline, 12% for distillate and 40% for aviation fuel compared to the second half of 2019, excluding the impact of expansion projects, Magellan said.

Yahoo | July 30, 2020

Read More 'MMP' Stories Here

MMP Price Returns

1-mo -8.92%
3-mo -17.44%
6-mo 2.20%
1-year -42.75%
3-year -40.38%
5-year -29.66%
YTD -41.11%
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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