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Magellan Midstream Partners, L.P. (MMP)

(Delayed Data from NYSE)

$50.02 USD

50.02
1,267,763

-0.66 (-1.30%)

Updated Jun 18, 2021 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy25.41%
2Buy19.02%
3Hold10.72%
4Sell6.46%
5Strong Sell3.06%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 45% (139 out of 252)

Industry: Oil and Gas - Production Pipeline - MLB

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Zacks News

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup Headlined by Enbridge, Magellan & Occidental's Divestments

Apart from Enbridge (ENB), Magellan Midstream (MMP) and Occidental Petroleum (OXY), there were news from Plains All American (PAA) and ExxonMobil (XOM) during the week.

Magellan (MMP) to Divest Its Independent Terminals for $435M

Magellan's (MMP) sale of its independent terminals underscores its steadfast commitment to optimize unitholder value by utilizing all available options including asset portfolio upgrade.

Magellan Midstream (MMP) Q1 Earnings and Sales Top Estimates

Magellan Midstream's (MMP) distributable cash flow (DCF) of $276.5 million in the first quarter drops 9.8% from the year-ago level.

Is a Surprise Coming for Magellan Midstream Partners (MMP) This Earnings Season?

Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Magellan (MMP) Divests 50% Pasadena Marine Terminal Interest

Magellan (MMP) announces the sale of nearly half of its membership interest in its marine terminal joint venture, MVP Terminalling, for $270 million.

Why a Beat is Likely for Cabot (COG) This Earnings Season

Higher natural gas prices and revenues are likely to have boosted Cabot Oil & Gas' (COG) profit levels in the first quarter.

Magellan (MMP) Extends New Mexico Pipeline Expansion Open Season

Magellan Midstream's (MMP) open season for its refined petroleum products pipeline in New Mexico, which began on Feb 16 and was expected to close on Mar 19, 2021, is now stretched to end on Mar 31.

Magellan Midstream (MMP) Up 3.9% Since Last Earnings Report: Can It Continue?

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 (MMP) Q4 Earnings Top Estimates, Sales Miss Mark

Magellan Midstream's (MMP) distributable cash flow (DCF) of $269.7 million in the fourth quarter drops 24.6% from the year-ago level.

New Strong Sell Stocks for January 8th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today

Magellan (MMP) Tank Farm Catches Fire Injuring Seven Workers

The Magellan Midstream (MMP) tank farm consists of 60 storage tanks and a small refinery, all of which are thankfully spared by the blaze.

Magellan Midstream (MMP) Up 19.7% Since Last Earnings Report: Can It Continue?

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 (MMP) Hardly Rises Despite Q3 Earnings Beat

Magellan Midstream's (MMP) distributable cash flow (DCF) of $258.8 million in the third quarter drops 15.6% from the year-ago level.

Magellan Midstream (MMP) to Report Q3 Results: What Awaits?

Magellan Midstream (MMP) faces a potential decline in volumes through its facilities, contributing to expectations for lower third-quarter profits.

Nilanjan Banerjee headshot

Midstream Players Settle for Fee Cut to Survive COVID-19 Crisis

Midstream players are reportedly ready to accept lower fees so that shippers continue to use their pipeline networks to transport oil to the Gulf coast from Texas.

Why Is Magellan Midstream (MMP) Down 5.2% Since Last Earnings Report?

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 (MMP) Q2 Earnings and Sales Lag Estimates

Magellan Midstream's (MMP) distributable cash flow (DCF) of $209.5 million in the second quarter drops 33.4% from the year-ago level.

Nilanjan Choudhury headshot

Cost Containment to Aid QEP Resources' (QEP) Q2 Earnings

QEP Resources (QEP) maintains a very competitive cost structure, which contributes to the consistency of its growth and returns throughout the business cycle.

Cost Reduction to Aid Helmerich & Payne's (HP) Q3 Earnings

Helmerich & Payne (HP) has gone past the Zacks Consensus Estimate in three of the last four reports, with the average positive surprise being 12.1%.

Core Labs' (CLB) Q2 Earnings and Sales Surpass Estimates

In the June quarter, Core Labs (CLB) generates $27 million in operating cash and its capital expenditure totals $3.1 million, leading to $23.9-million free cash flow (FCF) recognition.

Suncor Energy (SU) Q2 Loss Wider Than Expected, Revenues Lag

Suncor Energy's (SU) Exploration and Production segment (comprising International, Offshore and Natural Gas segments) produces 101,800 Boe/d in Q2 compared with 111,700 Boe/d in the prior-year quarter.

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5 Energy Stocks Set to Beat Estimates in Coronavirus-Hit Q2

Investing in companies with an earnings beat potential can fetch handsome returns for investors. This is because a stock generally surges on an earnings beat.

Here's Why it is Worth Investing in Magellan Midstream Now

Solid returns on invested capital are consistently driving Magellan Midstream's (MMP) distribution growth over the years.

Why Is Magellan Midstream (MMP) Up 10.2% Since Last Earnings Report?

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 (MMP) Q1 Earnings and Sales Top Estimates

Magellan Midstream's (MMP) distributable cash flow (DCF) of $306.5 million in the first quarter slips 3.6% from the year-ago level.