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Is Magellan Midstream Partners LP(NYSE: MMP), a large market cap stock a smart buy?

With a market cap of has a large market cap size. Magellan Midstream Partners LP (NYSE: MMP) has been on the stock market since its IPO date on the 3/19/2001. Magellan Midstream Partners LP is in the Oil & Gas Pipelines industry and Basic Materials sector. Average volume for Magellan Midstream Partners LP, is 766.22, and so far today it has a volume of 205740. Performance year to date since the 3/19/2001 is 11.13%.

To help you determine whether Magellan Midstream Partners LP is undervalued the following values will help you decide. P/E is 19.7 and forward P/E is 19.37. PEG perhaps more useful shows that Magellan Midstream Partners LP has a value for PEG of 2.49. P/S ratio is 7.59 and the P/B ratio is 8.15. The P/Cash and P/Free cash flow is 79.04 and *TBA respectively.

At the current price Magellan Midstream Partners LP is trading at, 71.42 (-1.98% today), Magellan Midstream Partners LP has a dividend yield of 4.50%, and this is covered by a payout ratio of 81.20%. Earnings per share (EPS) is 3.7, and this is looking to grow in the next year to 8.89% after growing -2.50% this past year. EPS growth quarter over quarter is 12.60%, and -0.40% for sales growth quarter over quarter.

The number of shares outstanding is 227.83, and the number of shares float is 227.29. The senior management bring insider ownership to 0.10%, and institutional ownership is at 63.80%. The float short is 2.31%, with the short ratio at a value of 6.84. Management has seen a return on assets of 14.00%, and also a return on investment of 17.60%.

The ability for Magellan Midstream Partners LP, to deal with debt, means it current ratio is 0.8, and quick ratio is 0.6. Long term debt/equity is 1.74 and total debt/equity is 1.87. In terms of margins, Magellan Midstream Partners LP has a gross margin of 55.20%, with its operating margin at 43.90%, and Magellan Midstream Partners LP has a profit margin of 38.50%.

The 52 week high is -6.72%, with 36.05% being its 52 week low. The 20 day simple moving average is -1.73% and the 200 day simple moving average is 7.99%.

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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Mark Hines

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