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Are Magellan Midstream Partners L.P. (NYSE:MMP)’s Fundamentals Enough to Outperform

Magellan Midstream Partners L.P. (NYSE:MMP) has a beta of 1.09, a 12-month trailing P/E ratio of 14.17, and a growth ratio of 1.61. The stock’s Relative Strength Index (RSI) is 59.56, with weekly volatility at 1.92% and ATR at 0.90. The MMP stock’s 52-week price range has touched low of $32.61 and a $49.91 high. Its shares traded lower over the last trading session, losing -1.15% on 05/11/21. The shares fell to a low of $46.81 before closing at $47.39. Intraday shares traded counted 1.38 million, which was 11.75% higher than its 30-day average trading volume of 1.56M. MMP’s previous close was $47.94 while the outstanding shares total 223.59M.

Investors have identified the Oil & Gas Midstream company Magellan Midstream Partners L.P. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.54 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Magellan Midstream Partners L.P. (MMP) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 478.14 million total, with 560.76 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 4.04 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MMP sounds very interesting.

Is the stock of MMP attractive?

In related news, Senior Vice President, Korner Lisa J sold 10,000 shares of the company’s stock in a transaction that recorded on Apr 30. The sale was performed at an average price of 47.62, for a total value of 476,236. As the sale deal closes, the Director, Joung Chansoo now bought 20,000 shares of the company’s stock, valued at 706,486. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.

8 out of 21 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Magellan Midstream Partners L.P.. 0 analysts has assigned a Sell rating on the MMP stock. The 12-month mean consensus price target for the company’s shares has been set at $50.68.

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