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Magellan Midstream Partners L.P. (MMP) Stock: A Value Analysis

The price-to-earnings ratio for Magellan Midstream Partners L.P. (NYSE: MMP) is 13.13x, which is above its average ratio. Moreover, the 36-month beta value for MMP is 0.89. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 1 as “sell.”

The average price recommended by analysts for Magellan Midstream Partners L.P. (MMP) is $62.50, which is $0.54 above the current market price. The public float for MMP is 200.97M and currently, short sellers hold a 3.78% of that float. On May 26, 2023, MMP’s average trading volume was 1.30M shares.

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MMP) stock’s latest price update

Magellan Midstream Partners L.P. (NYSE: MMP)’s stock price has decreased by -1.09 compared to its previous closing price of 62.28. However, the company has seen a -1.71% decrease in its stock price over the last five trading sessions. Barron’s reported on 05/16/23 that Magellan Midstream Holders Face Big Tax Hit From Oneok Deal

MMP’s Market Performance

Magellan Midstream Partners L.P. (MMP) has seen a -1.71% fall in stock performance for the week, with a 10.91% gain in the past month and a 15.16% surge in the past quarter. The volatility ratio for the week is 1.20%, and the volatility levels for the past 30 days are at 1.91% for MMP. The simple moving average for the past 20 days is 6.21% for MMP’s stock, with a 17.23% simple moving average for the past 200 days.

MMP Trading at 10.60% from the 50-Day Moving Average

After a stumble in the market that brought MMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.38% of loss for the given period.

Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.20%, as shares surge +10.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.19% upper at present.

During the last 5 trading sessions, MMP fell by -1.71%, which changed the moving average for the period of 200-days by +24.07% in comparison to the 20-day moving average, which settled at $58.29. In addition, Magellan Midstream Partners L.P. saw 22.68% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MMP starting from MONTAGUE JAMES R, who sale 2,892 shares at the price of $53.43 back on Nov 15. After this action, MONTAGUE JAMES R now owns 25,095 shares of Magellan Midstream Partners L.P., valued at $154,524 using the latest closing price.

Stock Fundamentals for MMP

Current profitability levels for the company are sitting at:

  • +33.59 for the present operating margin
  • +40.76 for the gross margin

The net margin for Magellan Midstream Partners L.P. stands at +25.60. The total capital return value is set at 16.09, while invested capital returns managed to touch 12.32. Equity return is now at value 66.60, with 14.80 for asset returns.

Based on Magellan Midstream Partners L.P. (MMP), the company’s capital structure generated 306.42 points at debt to equity in total, while total debt to capital is 75.40. Total debt to assets is 66.98, with long-term debt to equity ratio resting at 304.58. Finally, the long-term debt to capital ratio is 74.94.

When we switch over and look at the enterprise to sales, we see a ratio of 5.17, with the company’s debt to enterprise value settled at 0.33. The receivables turnover for the company is 15.46 and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.


To wrap up, the performance of Magellan Midstream Partners L.P. (MMP) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.