Should you buy MMP stock?
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Is MMP a good buy?
The consensus among Wall Street analysts is that investors should "hold" Magellan Midstream Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMP, but not buy additional shares or sell existing shares.
What is the price of target stock?
The target stock price is an estimate that an analyst believes will be the current price at some point in the future, generally 12 months from now. Price targets can give you an indication of what others believe a stock is truly worth.
What does a price target for a stock mean?
If you want a prime example of a high-growth stock that has taken an almighty beating since ... All in all, the 5-star analyst maintained her Buy rating on FUBO shares along with a $15 price target. This target puts the upside potential at a whopping ...
Is MMP a buy or sell?
Out of 11 analysts, 4 (36.36%) are recommending MMP as a Strong Buy, 1 (9.09%) are recommending MMP as a Buy, 4 (36.36%) are recommending MMP as a Hold, 1 (9.09%) are recommending MMP as a Sell, and 1 (9.09%) are recommending MMP as a Strong Sell. What is MMP's earnings growth forecast for 2022-2024?
Will MMP stock go up?
Analyst Price Target on MMP Based on 7 Wall Street analysts offering 12 month price targets for Magellan Midstream in the last 3 months. The average price target is $55.57 with a high forecast of $59.00 and a low forecast of $52.00. The average price target represents a 10.30% change from the last price of $50.38.
What kind of company is MMP?
About Magellan Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
Who owns Magellan Midstream?
Magellan Midstream Partners LP (NYSE:MMP) Institutional investors hold a majority ownership of MMP through the 53.21% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Oil & Gas Pipelines industry.
Is MMP a good long term investment?
25 analysts, credit rating agencies, risk rating agencies, and the bond market all expect MMP to successfully transition to a green energy future in the coming decades. MMP's 36% discount to fair value is why analysts expect 115% total returns over the next five years, about 4x that of the S&P 500.
Is Magellan Midstream a good investment?
Magellan Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 4 buy ratings, 5 hold ratings, and 2 sell ratings.
Is MMP a REIT?
Another reason REIT investors should love midstream SWANs like EPD, MMP, and ENB is that they are similar to REITs in that they are usually pass-through businesses (c-Corps like ENB are not, though act as if they were).
What does MMP mean?
Medicare-Medicaid Plan (MMP) Enrollment.
Where is Magellan oil rig?
The rig is located two miles from North Padre Island's shoreline near Bob Hall Pier. The repair ship has a SONAR team, a repair crew and equipment and a wide variety of replacement parts. As part of a safety assessment, the SONAR team scanned the seafloor around the platform and found it to be clear and stabilized.
What kind of company is Magellan?
managed health care companyMagellan Health Inc. (formerly Magellan Health Services Inc.), is an American for-profit managed health care company and subsidiary of Centene that's focused on special populations, complete pharmacy benefits and other specialty areas of healthcare.
Is Magellan Midstream Partners an MLP?
Magellan Midstream Partners (NYSE:MMP) is an investment grade MLP with no IDR structure to suck profits from investors into the bank accounts of management.
Should I buy or sell Magellan Midstream Partners stock right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell...
What is Magellan Midstream Partners' stock price forecast for 2022?
11 analysts have issued 12-month price objectives for Magellan Midstream Partners' shares. Their forecasts range from $49.00 to $59.00. On average,...
How has Magellan Midstream Partners' stock price performed in 2022?
Magellan Midstream Partners' stock was trading at $46.44 at the beginning of 2022. Since then, MMP stock has increased by 14.3% and is now trading...
Are investors shorting Magellan Midstream Partners?
Magellan Midstream Partners saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,900,000 s...
When is Magellan Midstream Partners' next earnings date?
Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forec...
How were Magellan Midstream Partners' earnings last quarter?
Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, May, 5th. The pipeline company reported $1.08 earni...
How often does Magellan Midstream Partners pay dividends? What is the dividend yield for Magellan Midstream Partners?
Magellan Midstream Partners declared a quarterly dividend on Friday, April 22nd. Shareholders of record on Monday, May 2nd will be given a dividend...
Is Magellan Midstream Partners a good dividend stock?
Magellan Midstream Partners(NYSE:MMP) pays an annual dividend of $4.15 per share and currently has a dividend yield of 7.78%. MMP has a dividend yi...
What guidance has Magellan Midstream Partners issued on next quarter's earnings?
Magellan Midstream Partners issued an update on its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance o...
What is the dividend payout ratio for Magellan Midstream?
Based on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 98.80% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
What is Magellan Midstream Partners' stock symbol?
Magellan Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMP."
What guidance has Magellan Midstream Partners issued on next quarter's earnings?
Magellan Midstream Partners updated its first quarter 2022 earnings guidance on Monday, February, 21st. The company provided earnings per share (EPS) guidance of $1.020-$1.020 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.040. The company issued revenue guidance of -.
What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?
27 employees have rated Magellan Midstream Partners CEO Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among Magellan Midstream Partners' employees.
How much money does Magellan Midstream Partners make?
Magellan Midstream Partners has a market capitalization of $9.81 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.47 on an earnings per share basis.
Where are Magellan Midstream Partners' headquarters?
Magellan Midstream Partners is headquartered at One Williams Center P.O. Box 22186, TULSA OK, 74121.
What is the peg ratio of Magellan Midstream Partners?
Magellan Midstream Partners has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.
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Magellan (MMP) Q4 Earnings Beat Estimates as Demand Rebounds
Magellan Midstream (MMP) assumes a 4% improvement in total refined products shipments for 2022 over 2021.
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Why Magellan Midstream Partners (MMP) Might Surprise This Earnings Season
Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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When is the MMP earnings call 2021?
MMP earnings call for the period ending March 31, 2021.
How many articles has The Fool written on Magellan Midstream Partners?
The Fool has written over 300 articles on Magellan Midstream Partners.
Ideas
NYSE:MMP MMP is a major midstream with the biggest refined products pipeline in the US. It is part of my dividend portfolio with over 7% yield and low leverage relative to the sector. For the past month or so, I had been reducing my stake as the share price had been trending down since the June high.
Profile
Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system.
How much did Magellan Midstream Partners stock fall in 2021?
The Magellan Midstream Partners LP stock price fell by -0.0415% on the last day (Thursday, 8th Jul 2021) from $48.24 to $48.22. and has now fallen 4 days in a row. During the day the stock fluctuated 2.18% from a day low at $47.35 to a day high of $48.38. The price has fallen in 7 of the last 10 days and is down by -3.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -107 thousand shares and in total, 679 thousand shares were bought and sold for approximately $32.76 million.
Is Magellan Midstream Partners LP stock A Buy?
The Magellan Midstream Partners LP stock holds several negative signals and despite the positive trend, we believe Magellan Midstream Partners LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
How many X is Zacks?
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
How many sectors are there in Zacks?
The Zacks Sector Rank assigns a rating to each of the 16 Sectors based on their average Zacks Rank.
What are the different grades for stocks?
Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.
