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Magellan Midstream Partners LP (NYSE: MMP) – Is this large market cap stock undervalued?

Magellan Midstream Partners LP (NYSE: MMP), is firmly in the large market cap category with market cap of 16199.71. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Magellan Midstream Partners LP is 71.12 (with a change from open of 0.94%), this in conjunction with a target price of 78.33. Volume today has so far reached 517400, with an average volume of about 618.84. The GAP for this stock, is 0.77%.

The P/E ratio is 19, bringing the forward P/E to a value of 18.81. The current EPS for Magellan Midstream Partners LP, is 3.74, with a EPS growth for this year coming to a value of -2.50%. Performance has been interesting with performance year to date coming to 8.47%.

Looking further into the growth statistics for Magellan Midstream Partners LP, EPS is looking like it will grow 7.08% in the next year. Looking even further it is projected to be 8.01%. Quarter over quarter is 5.70% for EPS growth and for sales growth quarter over quarter it is 4.10%. Looking at past EPS growth statistics we see that for the past five years it has been 20.30%. Sales growth for the past five years has in fact been 7.00%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 62.90%. Shares outstanding is 227.78, while shares float is at a value of 227.29. Float short for Magellan Midstream Partners LP is 2.13% and the short ratio is 7.82.

In terms of debt, long term debt/equity is 1.75, while the total debt/equity comes to 1.88. The ability to meet these debts, means that the current ratio is 0.5, and the quick ratio is 0.3. The most recent gross margin is 55.40% and their operating margin is 44.10%. The profit margin is 38.50%.

Magellan Midstream Partners LP has seen returns on assets of 13.70%, and on investment, 17.60%. Return on equity is 42.20%. Price/Earnings to growth ratio is 2.37. Price/Sales ratio is at a value of 7.31, with Price/book ratio coming to 7.96 and Price/cash is 472.29, and finally Price/Free cash Flow is *TBA.

The simple moving averages are 0.92% and 4.86% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -7.11% and the 52 week low is 35.47%.

Magellan Midstream Partners LP has a dividend yield of 4.61%, with a current price of 71.12. The ability to pay this means the payout ratio is 82.50%. This is in an industry, Oil & Gas Pipelines, with equally high dividends from other companies in this sector, which it is Basic Materials. Magellan Midstream Partners LP is based in USA.

Performance in the Oil & Gas Pipelines industry means that Magellan Midstream Partners LP has seen performance for the past week of 2.80%, with performance for the month coming to 1.21%. Looking at the data for the quarter it is at a value of -5.62%, and for the half year the performance is 35.40%. Volatility for this week is 1.72% and for the month this is 1.56%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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