MMP - Magellan Midstream Partners, L.P.
After hours:
Chart Events
Slow Stochastic
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 61.60 |
| Open | 61.19 |
| Bid | 61.00 x 800 |
| Ask | 64.44 x 900 |
| Day's Range | 60.95 - 61.80 |
| 52 Week Range | 44.79 - 64.42 |
| Volume | |
| Avg. Volume | 1,325,609 |
| Market Cap | 12.36B |
| Beta (5Y Monthly) | 0.91 |
| PE Ratio (TTM) | 13.07 |
| EPS (TTM) | 4.68 |
| Earnings Date | Jul 26, 2023 - Jul 31, 2023 |
| Forward Dividend & Yield | 4.19 (6.85%) |
| Ex-Dividend Date | May 05, 2023 |
| 1y Target Est | 62.14 |
Fair Value
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Shares of Magellan Midstream Partners (NYSE: MMP) shot up this week, trading 13% higher as of noon Friday, according to data provided by S&P Global Market Intelligence. Ironically, several analysts downgraded the midstream energy stock over the past few days, but investors had a valid reason to rejoice. Earlier in May, Magellan Midstream reported solid 18% year-over-year growth in its distributable cash flow (DCF) and a whopping 65% growth in net income for the first quarter.
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ReutersONEOK shares drop on concerns over Magellan pipeline deal
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Analysts expected energy company Oneok to make a big deal. The company on Sunday [announced](https://www.wsj.com/articles/14-billion-deal-to-create-mega-pipeline-company-42d279d6?mod=markets_featst_pos1) that it agreed to merge with Magellan Midstream Partners in a deal that would create the second biggest midstream operator in the U.S. with a market value of $40 billion. Investors aren’t sold on the deal; Oneok's stock was down as much as 9.9% late Monday morning.
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