Weekly Investment Analysts’ Ratings Changes for Magellan Midstream Partners (MMP)

Magellan Midstream Partners (NYSE: MMP) recently received a number of ratings updates from brokerages and research firms:

  • 2/2/2018 – Magellan Midstream Partners had its “neutral” rating reaffirmed by analysts at Mitsubishi UFJ Financial Group.
  • 2/2/2018 – Magellan Midstream Partners had its price target lowered by analysts at Bank of America Corp from $78.00 to $77.00. They now have a “buy” rating on the stock.
  • 2/2/2018 – Magellan Midstream Partners had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $69.00 price target on the stock.
  • 2/2/2018 – Magellan Midstream Partners had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $79.00 price target on the stock.
  • 2/2/2018 – Magellan Midstream Partners had its price target lowered by analysts at Barclays PLC from $78.00 to $76.00. They now have an “equal weight” rating on the stock.
  • 1/16/2018 – Magellan Midstream Partners had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $81.00 price target on the stock.
  • 1/9/2018 – Magellan Midstream Partners is now covered by analysts at Bank of America Corp. They set a “buy” rating on the stock.
  • 1/4/2018 – Magellan Midstream Partners is now covered by analysts at Credit Suisse Group AG. They set an “underperform” rating on the stock.

Magellan Midstream Partners, L.P. (NYSE MMP) traded up $0.31 during trading hours on Monday, reaching $66.59. The company had a trading volume of 172,101 shares, compared to its average volume of 902,435. Magellan Midstream Partners, L.P. has a 12-month low of $63.55 and a 12-month high of $81.77. The firm has a market capitalization of $15,250.00, a P/E ratio of 17.48, a P/E/G ratio of 2.68 and a beta of 0.61. The company has a quick ratio of 0.29, a current ratio of 0.50 and a debt-to-equity ratio of 1.90.

Magellan Midstream Partners (NYSE:MMP) last released its quarterly earnings data on Thursday, February 1st. The pipeline company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Magellan Midstream Partners had a return on equity of 40.85% and a net margin of 34.67%. The firm had revenue of $673.30 million during the quarter, compared to analyst estimates of $690.18 million. During the same quarter in the prior year, the company posted $0.93 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. equities analysts predict that Magellan Midstream Partners, L.P. will post 3.99 earnings per share for the current year.

The company also recently disclosed a dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a yield of 0.0125170068027211%. This is an increase from Magellan Midstream Partners’s previous dividend of $0.84. Magellan Midstream Partners’s dividend payout ratio is currently 96.59%.

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

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