Magellan Midstream Partners L.P. (MMP) Stock Forecast & Predictions

Magellan Midstream Partners L.P. MMP: $45.45

One Williams Center, Md 28-1, Tulsa, Oklahoma, US. | Sector: Transportation and Warehousing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.magellanlp.com/

  • Market Cap$10.15B
  • Change (52 Weeks)25.87%
  • Low (52 Weeks)$30.93
  • Magellan Midstream Partners L.P. (MMP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Magellan Midstream Partners L.P. (MMP) stock price is $45.45 and the 52 weeks low is $30.93, which means the Magellan Midstream Partners L.P. stock price is up 25.87% in the last 12 months.

    Magellan Midstream Partners L.P. (MMP) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that MMP Stock price might rise further, 25.00% indicating that MMP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MMP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Magellan Midstream Partners L.P. (MMP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Magellan Midstream Partners L.P. (MMP) is based on 25 Institutional Analyst Ratings where 44.00% are on Strong Buy, 12.00% on Moderate Buy, 40.00% remains on Hold, 4.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended MMP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Magellan Midstream Partners L.P..

    Magellan Midstream Partners L.P. (MMP) Stock Price Prediction By Analysts


    HighLowAverage
    $67.20$39.39$49.78
    $49.789.52% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for MMP set by the institutional analysts is $49.78 where High Estimate is $67.20, Median $48.96 and Low $39.39.

    The average price target for MMP by Institutional Analysts is $49.78, which is 9.52% Upside from the current price. So according to the Institutional Analysts, MMP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Magellan Midstream Partners L.P. (MMP) Stock Forecast Based on News Sentiment


    Neutral
    Based on 1 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of MMP consisting of positive and negative, it shows that Magellan Midstream Partners L.P. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so MMP stock price most likey won't have any reaction to last weeks news coverage.

    Magellan Midstream Partners L.P. (MMP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond JamesOutperformMaintained
    Wolfe ResearchPeer PerformUpgraded
    Morgan StanleyOverweightMaintained
    JP MorganNeutralDowngraded
    Goldman SachsNeutralDowngraded
    Truist SecuritiesHoldDowngraded
    Raymond JamesOutperformMaintained
    Raymond JamesOutperformMaintained
    B of A SecuritiesNeutralDowngraded
    Credit SuisseNeutralDowngraded
    Wells FargoEqual-WeightDowngraded
    TD SecuritiesBuyMaintained
    StifelBuyMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    Raymond JamesOutperformMaintained
    TD SecuritiesBuyInitiated
    BMO CapitalMarket PerformDowngraded
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    StifelBuyMaintained
    Wells FargoOverweightMaintained
    JefferiesBuyUpgraded
    Credit SuisseOutperformUpgraded
    MizuhoNeutralMaintained
    MizuhoNeutralMaintained
    Goldman SachsBuyMaintained
    UBSBuyMaintained
    JP MorganOverweightUpgraded
    Morgan StanleyOverweightUpgraded
    Stifel NicolausBuyUpgraded
    CitigroupBuyMaintained
    BarclaysOverweightUpgraded
    Wolfe ResearchPeer PerformUpgraded
    Wells FargoOverweightUpgraded
    Morgan StanleyEqual-WeightInitiated
    Goldman SachsBuyInitiated
    Bank of AmericaUnderperformDowngraded
    Raymond JamesOutperformMaintained
    Credit SuisseNeutralMaintained
    StifelHoldMaintained
    Raymond JamesOutperformReiterated
    Bank of AmericaNeutralMaintained
    Johnson RiceAccumulateInitiated
    Bank of AmericaNeutralDowngraded
    JefferiesHoldDowngraded
    SunTrust Robinson HumphreyHoldInitiated
    JefferiesBuyUpgraded
    MizuhoNeutralInitiated
    Wells FargoMarket PerformMaintained
    Bank of AmericaBuyMaintained
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    Credit SuisseNeutralInitiated
    Goldman SachsNeutralDowngraded
    BarclaysEqual-WeightMaintained
    Stifel NicolausHoldMaintained
    JefferiesHoldDowngraded
    BarclaysEqual-WeightMaintained
    Deutsche BankHoldInitiated
    BarclaysEqual-WeightMaintained
    RBC CapitalOutperformUpgraded
    JefferiesBuyUpgraded
    Bank of AmericaBuyMaintained
    Morgan StanleyUnderweightMaintained
    JP MorganNeutralMaintained
    UBSBuyMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    Credit SuisseUnderperformInitiated
    U.S. Capital AdvisorsBuyUpgraded
    BMO CapitalOutperformInitiated
    CitigroupBuyUpgraded
    UBSBuyUpgraded
    BarclaysEqual-WeightDowngraded
    MizuhoUnderperformDowngraded
    JefferiesHoldInitiated
    Credit SuisseNeutralUpgraded
    CitigroupNeutralDowngraded
    UBSNeutralDowngraded
    Raymond JamesOutperformDowngraded
    Wells FargoMarket PerformDowngraded
    Deutsche BankBuyInitiated
    Ladenburg ThalmannBuyInitiated
    Goldman SachsBuyUpgraded
    MizuhoNeutralInitiated
    Morgan StanleyUnderweightDowngraded
    Ladenburg ThalmannBuyInitiated
    Seaport GlobalBuyInitiated
    JP MorganNeutralMaintained
    Stifel NicolausHoldDowngraded
    WunderlichHoldDowngraded
    Credit SuisseUnderperformDowngraded
    Mitsubishi UFJNeutralInitiated
    Morgan StanleyEqual-WeightInitiated
    Credit SuisseNeutralDowngraded
    BarclaysOverweightMaintained
    Stifel NicolausBuyMaintained
    UBSBuyUpgraded
    Raymond JamesStrong BuyUpgraded
    DA DavidsonBuyInitiated
    Stifel NicolausBuyUpgraded
    Credit SuisseOutperformUpgraded
    BarclaysOverweightMaintained
    Credit SuisseOutperformUpgraded
    CitigroupBuyMaintained
    JP MorganNeutralMaintained
    CitigroupBuyMaintained
    JP MorganNeutralMaintained
    ArgusBuyUpgraded
    CitigroupBuyMaintained
    Credit SuisseNeutralDowngraded
    Bank of AmericaBuyMaintained
    BarclaysOverweightMaintained
    Ladenburg ThalmannBuyUpgraded
    Bank of AmericaBuyUpgraded
    WunderlichBuyMaintained
    Raymond JamesOutperformMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    Goldman SachsNeutralDowngraded
    JP MorganNeutralMaintained
    WunderlichBuyMaintained
    Raymond JamesOutperformMaintained
    Credit SuisseOutperformMaintained
    CitigroupOverweightMaintained
    Ladenburg ThalmannNeutralDowngraded
    JP MorganNeutralMaintained
    BarclaysOverweightMaintained
    UBSNeutralMaintained
    CitigroupBuyMaintained
    Wells FargoOutperformUpgraded
    WunderlichBuyMaintained
    Ladenburg ThalmannBuyUpgraded
    WunderlichBuyInitiated
    BarclaysOverweightUpgraded
    Deutsche BankBuyMaintained
    Deutsche BankBuyUpgraded
    Ladenburg ThalmannNeutralDowngraded
    Ladenburg ThalmannBuyUpgraded
    UBSNeutralMaintained
    WunderlichHoldMaintained
    Credit SuisseOutperformUpgraded
    Deutsche BankHoldMaintained
    WunderlichHoldMaintained
    Deutsche BankHoldMaintained
    UBSNeutralMaintained
    Credit SuisseNeutralDowngraded
    BarclaysEqual-WeightMaintained
    WunderlichHoldMaintained
    BarclaysEqual-WeightMaintained
    JP MorganNeutralMaintained
    BarclaysEqual-WeightMaintained
    WunderlichHoldMaintained
    UBSNeutralMaintained
    Deutsche BankHoldMaintained
    UBSNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Ladenburg ThalmannNeutralDowngraded
    WunderlichHoldDowngraded
    Deutsche BankHoldDowngraded
    UBSMaintained
    Ladenburg ThalmannBuyUpgraded

    Magellan Midstream Partners L.P. (MMP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.874
    The average consensus EPS for MMP is $0.874 with a high estimate of $1.082 and Low of $0.761 for the period 2021-06-30 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.94$0.84991500000000012020-09-30


    The latest average Earning Per Share Estimate for Magellan Midstream Partners L.P. is $0.87, which is lower than MMP's last EPS, $0.94. This means that Analysts are expecting Magellan Midstream Partners L.P. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Magellan Midstream Partners L.P..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.94$0.84991500000000012020-09-30
    $0.59$0.74689500000000012020-06-30
    $1.26$1.04405722020-03-31
    $1.25$1.19215352019-12-31
    $1.19$1.09818312019-09-30
    $1.11$1.07760942019-06-30
    $0.91$1.00120292019-03-31
    $1.37$1.19302212018-12-31
    $2.6$1.03970412018-09-30
    $0.94$1.02401882018-06-30
    $0.99$1.00912129999999992018-03-31
    $1.04$1.13663382017-12-31
    $0.79$0.97753862017-09-30
    $0.92$0.899912017-06-30
    $0.98$0.91095942017-03-31
    $0.93$0.96480252016-12-31
    $0.85$0.89069882016-09-30
    $0.82$0.75716672016-06-30
    $0.91$0.84483472016-03-31
    $0.91$0.916072015-12-31
    $1.1$0.73784542015-09-30
    $0.78$0.74155212015-06-30
    $0.81$0.90424290000000012015-03-31
    $1.1$0.94521862014-12-31
    $0.71$0.66327710000000012014-09-30
    $0.7$0.71985732014-06-30
    $1.07$0.68250749999999992014-03-31
    $0.88$0.82071592013-12-31
    $0.54$0.58908250000000012013-09-30
    $0.65$0.54569292013-06-30
    $0.5$0.48109332013-03-31
    $0.69$0.65986329999999992012-12-31
    $0.35$0.44442012-09-30
    $0.505$0.447763300000000032012-06-30
    $0.47$0.473356699999999962012-03-31
    $0.51$0.48482011-12-31
    $0.395$0.362519300000000042011-09-30
    $0.455$0.42275572011-06-30
    $0.4$0.38560792011-03-31
    $0.39$0.38696132010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).