|Bid||58.00 x 2900|
|Ask||61.40 x 900|
|Day's Range||58.02 - 59.72|
|52 Week Range||54.82 - 75.82|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||10.55|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.91 (6.57%)|
|1y Target Est||73.95|
Tumbling oil prices may have knocked energy pipeline and infrastructure companies into bargain territory. Some closed-end funds that own the stocks may be even better deals.
Kinder Morgan (KMI) stock offers a strong potential upside of 34.3% for the next 12 months. Wall Street analysts have given Kinder Morgan a target price of $21.65—compared to its current market price of $16.12.
TULSA, Okla. , Dec. 3, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears , chief executive officer, is scheduled to present at the Wells Fargo Midstream ...
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Magellan Midstream Partners, Sociedad Química y Minera de Chile, and Goldman Sachs aren't that far off their 52- week lows. Perhaps it's time to look at two of them.
Energy MLPs had been a favorite for income-seeking investors for nearly two decades. The challenges following the slump in oil prices in 2014–2015 took the wind out of this sector, though. However, as the sector consolidates and companies find ways to survive and grow in the new environment, some interesting opportunities seem to be available for investors. The Alerian MLP Index, a benchmark index for energy MLPs, is trading at a yield of ~8.1%. That’s ~5% higher than the US ten-year Treasury yield.
Want high yields from necessity businesses in a growing industry? Look no further than midstream stocks. Here are three you should consider now.
TULSA, Okla., Nov. 20, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the Jefferies Energy Conference at 10:55 a.m. Central Time on Tues., Nov. 27 in Houston. The session will be moderated by Chris Sighinolfi of Jefferies, with an audio webcast available live on the day of the event on the partnership's website at www.magellanlp.com/investors/webcasts.aspx. In addition, management will be meeting with institutional investors during the conference.
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. Production in the Permian Basin of West Texas and New Mexico is projected to hit 3.55 million barrels per day (bpd), up from 2.04 million bpd two years ago. Plains All American Pipeline also got a boost from buying cheap at the wellhead and collecting the U.S. Gulf Coast price.
TULSA, Okla. and DENVER , Nov. 8, 2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that they have launched an open ...
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
TULSA, Okla. and DALLAS, Nov. 5, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (MMP) and Navigator Energy Services announced today the launch of an open season to jointly assess customer interest to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston, Texas. All potential customers must submit binding commitments by 12:00 p.m. Central Time on Jan. 31, 2019. The proposed Voyager pipeline would include construction of nearly 500 miles of 20-inch diameter pipeline from Magellan's terminal in Cushing to Magellan's terminal in East Houston.
So far, MPLX (MPLX) stock has fallen ~4% in 2018. In comparison, Magellan Midstream Partners (MMP) has fallen ~14%. Enterprise Products Partners (EPD) stock is roughly flat, while ONEOK (OKE) and Plains All American Pipeline (PAA) have risen 19% and 7%, respectively. MPLX’s mean target price, provided by Reuters-surveyed analysts, is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.
Magellan's management is capitalizing on all the cash coming in the door and the investment opportunities in oil and gas transportation.
MPLX (MPLX) reported its third-quarter results on November 1. The company reported a DCF (distributable cash flow) attributable to its general partner and limited partner unitholders of $747 million for the quarter, which represents 75% YoY (year-over-year) growth. The growth in MPLX’s DCF was driven by strong earnings growth across both of its segments. Earnings from drop-down assets and strong volumes contributed to MPLX’s third-quarter earnings growth.
Enterprise Products Partners (EPD) stock is roughly flat YTD (year-to-date). In comparison, Kinder Morgan (KMI), Magellan Midstream Partners (MMP), and Williams Companies (WMB) have fallen ~9%, 13%, and 22%, respectively, during the same period. ONEOK (OKE) has risen 20% YTD. So far, the Alerian MLP ETF (AMLP) has fallen ~11% in 2018. Enterprise Products Partners has outperformed most of its peers in 2018.