Stock Updates

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 15448.52. 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 68.85 (with a change from open of 1.21%), this in conjunction with a target price of 78.47. Volume today has so far reached 169484, with an average volume of about 696.06. The GAP for this stock, is 0.28%.

The P/E ratio is 18.12, bringing the forward P/E to a value of 17.95. 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 3.47%.

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 227.72, 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 6.95.

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 2.26. Price/Sales ratio is at a value of 6.97, with Price/book ratio coming to 7.59 and Price/cash is 450.39, and finally Price/Free cash Flow is .

The simple moving averages are -3.20% and 2.09% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -10.07% and the 52 week low is 31.15%.

Magellan Midstream Partners LP has a dividend yield of 4.83%, with a current price of 68.85. 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 -3.99%, with performance for the month coming to -4.37%. Looking at the data for the quarter it is at a value of -7.80%, and for the half year the performance is 10.89%. Volatility for this week is 1.68% and for the month this is 1.30%.

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.

About the author

Peter Clarke

Leave a Comment