Magellan Midstream Partners is an oil & gas midstream business based in the US. Magellan Midstream Partners shares (MMP) are listed on the NYSE and all prices are listed in US Dollars. Magellan Midstream Partners employs 1,655 staff and has a trailing 12-month revenue of around $3.5 billion.
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Is it a good time to buy Magellan Midstream Partners stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Magellan Midstream Partners stock undervalued or overvalued?
Valuing Magellan Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magellan Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Magellan Midstream Partners's P/E ratio
Magellan Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Magellan Midstream Partners shares trade at around 14x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Magellan Midstream Partners's PEG ratio
Magellan Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.8962. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Magellan Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Magellan Midstream Partners's EBITDA
Magellan Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.4 billion.
The EBITDA is a measure of a Magellan Midstream Partners's overall financial performance and is widely used to measure a its profitability.
Magellan Midstream Partners financials
Revenue TTM
$3.5 billion
Operating margin TTM
32.57%
Gross profit TTM
$1.5 billion
Return on assets TTM
9.2%
Return on equity TTM
59.18%
Profit margin
29.55%
Book value
$8.48
Market Capitalization
$13.9 billion
TTM: trailing 12 months
Magellan Midstream Partners share dividends
Dividend payout ratio: 67.3% of net profits
Recently Magellan Midstream Partners has paid out, on average, around 100% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Magellan Midstream Partners shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Magellan Midstream Partners's case, that would currently equate to about $4.19 per share.
Magellan Midstream Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Magellan Midstream Partners's most recent dividend payout was on 24 September 2023. The latest dividend was paid out to all shareholders who bought their shares by 19 September 2023 (the "ex-dividend date").
Have Magellan Midstream Partners's shares ever split?
Magellan Midstream Partners's shares were
split on a 2:1 basis on 14 October 2012
. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Magellan Midstream Partners shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Magellan Midstream Partners shares which in turn could have impacted Magellan Midstream Partners's share price.
Over the last 12 months, Magellan Midstream Partners's shares have ranged in value from as little as $0 up to $0. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Magellan Midstream Partners's is 0.9104. This would suggest that Magellan Midstream Partners's shares are less volatile than average (for this exchange).
Magellan Midstream Partners overview
Magellan Midstream Partners, L. P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. Magellan Midstream Partners, L.
Frequently asked questions
What percentage of Magellan Midstream Partners is owned by insiders or institutions? Currently 0.388% of Magellan Midstream Partners shares are held by insiders and 53.098% by institutions.How many people work for Magellan Midstream Partners? Latest data suggests 1,655 work at Magellan Midstream Partners.When does the fiscal year end for Magellan Midstream Partners? Magellan Midstream Partners's fiscal year ends in December.Where is Magellan Midstream Partners based? Magellan Midstream Partners's address is: One Williams Center, Tulsa, OK, United States, 74121-2186What is Magellan Midstream Partners's ISIN number? Magellan Midstream Partners's international securities identification number is: US5590801065What is Magellan Midstream Partners's CUSIP number? Magellan Midstream Partners's Committee on Uniform Securities Identification Procedures number is: 969491109
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