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Magellan Midstream Partners, L.P. (MMP)

(Delayed Data from NYSE)

$61.62 USD

61.62
1,080,670

+0.41 (0.67%)

Updated May 3, 2019 04:02 PM ET

After-Market: $61.63 (%) 5:22 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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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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NA Value NA Growth NA Momentum NA 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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NA

Industry: NA

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Zacks News

ONEOK (OKE) Earnings and Revenues Miss Estimates in Q1

ONEOK's (OKE) Q1 earnings and revenues are lower than expected. ONEOK affirms its 2022 financial guidance.

Should You Buy Magellan Midstream (MMP) Ahead of Earnings?

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

Enbridge (ENB) to Report Q1 Earnings: What's in the Offing?

In the March quarter, Enbridge (ENB) is likely to have generated stable fee-based revenues since the company is a leading midstream player in North America.

Will EOG Resources (EOG) Deliver a Beat This Earnings Season?

Higher production and commodity prices are expected to have aided EOG Resources' (EOG) earnings in Q1.

ConocoPhillips (COP) to Report Q1 Earnings: What's in Store?

A favorable commodity pricing scenario is likely to have aided ConocoPhillips' (COP) earnings in the first quarter.

Sunoco (SUN) to Report Q1 Earnings: What's in the Cards?

Favorable fuel demand is likely to have aided Sunoco's (SUN) earnings in Q1.

Why Is Magellan Midstream (MMP) Down 1.9% 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 (MMP) Q4 Earnings Beat Estimates as Demand Rebounds

Magellan Midstream (MMP) assumes a 4% improvement in total refined products shipments for 2022 over 2021.

Why Magellan Midstream Partners (MMP) Might Surprise 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.

    Murphy USA's (MUSA) Q4 Earnings Poised to Beat Estimates

    Higher retail volumes and a better margin environment are likely to have boosted Murphy USA's (MUSA) profit levels in the fourth quarter.

    Nilanjan Choudhury headshot

    Midstream Energy Firms Plow Soaring Cash Flows Into Buybacks

    Higher commodity prices have made midstream energy operators financially stronger and healthier. This has allowed the likes of EPD, MPLX, MMP, PAA and WES to increase stockholder returns through buybacks.

    Zacks Industry Outlook Highlights: Enterprise Products Partners, Energy Transfer and Magellan Midstream Partners

    Zacks Industry Outlook Highlights: Enterprise Products Partners, Energy Transfer and Magellan Midstream Partners

    Nilanjan Banerjee headshot

    3 Oil & Gas Pipeline Stocks to Watch Amid Challenging Industry

    Lower production volumes of the commodities owing to dented fuel demand and conservative capital spending by upstream players have hurt demand for partnerships' midstream assets. EPD, ET and MMP are surviving the industry challenges.

    Magellan Midstream (MMP) Down 10% Since Last Earnings Report: Can It Rebound?

    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) Stock Barely Moves Despite Q3 Earnings Beat

    Magellan Midstream's (MMP) distributable cash flow (DCF) of $277 million in the third quarter rises 6.9% from the year-ago level.

    Plains All American (PAA) Q3 Earnings Miss, Revenues Beat

    Plains All American Pipeline's (PAA) third-quarter earnings are lower than expected. The JV with Oryx is set to generate more free cash flow for the firm.

    Nilanjan Choudhury headshot

    Midstream Buybacks Gain Traction on Free Cash Flow Recovery

    The favorable macro environment has helped midstream energy operators like MPLX, PAA, and MMP to generate significant "excess cash", which they have been using to increase stockholder returns through buybacks..

    Magellan (MMP) Stock Barely Moves Despite Q2 Earnings Beat

    Magellan Midstream's (MMP) distributable cash flow (DCF) of $268 million in the second quarter rises 27.9% from the year-ago level.

    What's in the Cards for Diamondback (FANG) in Q2 Earnings?

    Diamondback's (FANG) Q2 cash capital expenditure outlook is projected in the $350-$400 million range, suggesting growth from the prior-quarter's reported figure of $296 million.

    Why Earnings Season Could Be Great for Magellan Midstream (MMP)

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

    Chevron (CVX) to Report Q2 Earnings: What's in the Cards?

    Chevron's (CVX) cost-control moves are steadily impressive and are expected to have boosted its Q2 earnings and cash flows.

    Shell (RDS.A) Gears Up for Q2 Earnings: What's in Store?

    Shell's (RDS.A) Q2 LNG liquefaction volumes are expected in the of 7.1-7.7 million tons range, implying a decline of 11.5% from the year-ago quarter's reported figure.

    Baker Hughes (BKR) Q2 Earnings Miss, Revenues Beat Estimates

    Baker Hughes (BKR) expects the industry to be on a footing for a stronger recovery in 2022, as spending and activity levels are gradually gaining momentum.

    Equinor (EQNR) Bids for More Offshore Wind Farms in Scotland

    Equinor (EQNR) is currently providing power to 750,000 homes in the United Kingdom, which is being generated from three offshore wind farms.

    Kinder Morgan (KMI) Boosts Green Portfolio Via Kinetrex Buyout

    Kinder Morgan (KMI) expects the $310 million Kinetrex Energy acquisition to close in the third quarter of this year.