MMP - Magellan Midstream Partners, L.P.
After hours:
| Previous close | 60.22 |
| Open | 60.60 |
| Bid | 61.47 x 1000 |
| Ask | 61.75 x 900 |
| Day's range | 60.29 - 61.75 |
| 52-week range | 44.79 - 64.42 |
| Volume | |
| Avg. volume | 1,371,603 |
| Market cap | 12.425B |
| Beta (5Y monthly) | 0.91 |
| PE ratio (TTM) | 12.86 |
| EPS (TTM) | 4.78 |
| Earnings date | 26 Jul 2023 - 31 Jul 2023 |
| Forward dividend & yield | 4.19 (6.96%) |
| Ex-dividend date | 05 May 2023 |
| 1y target est | 63.05 |
Motley FoolWhy Magellan Midstream Partners Stock Soared 13% This Week
Shares of Magellan Midstream Partners (NYSE: MMP) shot up this week, trading 13% higher as of noon Friday, according to data provided by S&P Global Market Intelligence. Ironically, several analysts downgraded the midstream energy stock over the past few days, but investors had a valid reason to rejoice. Earlier in May, Magellan Midstream reported solid 18% year-over-year growth in its distributable cash flow (DCF) and a whopping 65% growth in net income for the first quarter.
ZacksONEOK Buys Magellan (MMP) for $18.8B, Creates Midstream Giant
Magellan (MMP) and ONEOK join forces to create a midstream giant with a net enterprise value of $60.0 billion.
ZacksONEOK (OKE) Signs $18.8B Merger Agreement With Magellan
ONEOK (OKE) signs a merger agreement with Magellan. This pact will open up Magellan's refined products and crude oil transportation business to ONEOK.
ZacksAre You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Motley FoolCould This Catalyst Spark a Consolidation Wave Among These High-Yielding Dividend Stocks?
ONEOK's acquisition of Magellan Midstream Partners might lead to more deals in the midstream space.
ZacksMagellan's (MMP) Q1 Earnings & Revenues Outpace Estimates
Magellan (MMP) projects free cash flow of $1.1 billion and net income per unit of $4.95 for 2023. It also expects refined product rates to increase 11% on Jul 1, 2023.
Motley FoolThis $18.8 Billion High-Yield, Dividend-Stock Megadeal Is a Bit of a Head-Scratcher
Pipeline companies ONEOK (NYSE: OKE) and Magellan Midstream Partners (NYSE: MMP) are merging to create a $60 billion energy infrastructure giant. The transformative transaction will form a much more diversified energy midstream company. The deal also has significant financial and tax benefits, enhancing the combined company's ability to support a high-yielding dividend.
Motley FoolOneok-Magellan Midstream Megamerger: Why Are Both Stocks Moving in Opposite Directions Today?
Oneok will acquire Magellan Midstream, but investors in only one oil and gas stock are positive about the deal.
Yahoo Finance VideoStock markets trend lower, regional bank stocks stay in the green in the morning trading session
Yahoo Finance Live's Julie Hyman looks at movers and stocks to watch in the market today, including SoFi Technologies, ONEOK, Magellan Midstream Partners, First Solar, and PacWest Bancorp.
Motley Fool2 Big Mergers to Watch Monday
The stock market appeared poised for a positive opening to the week Monday morning. Hopes that officials in Washington might reach resolution on a debt ceiling increase before the U.S. defaults on its sovereign debt helped lift stock market futures by around a quarter percent in premarket trading. Many investors on Wall Street often refer to the concept of Merger Monday, as a high number of deals between companies get finalized over weekends.
BloombergOneok to Buy Magellan in $19 Billion Energy Pipeline Deal
(Bloomberg) -- Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapChina Jails 78-Year-Old American for Life
ZacksZacks Industry Outlook Highlights Enterprise Products Partners, Magellan Midstream Partners and NuStar Energy
Enterprise Products Partners, Magellan Midstream Partners and NuStar Energy have been highlighted in this Industry Outlook article.
- Zacks
3 Oil & Gas Pipeline Stocks to Gain Amid Industry Challenges
Conservative capital spending by upstream players and possibilities for soft fuel demand could hurt demand for partnerships' midstream assets. EPD, MMP and NS are surviving the industry challenges.
ZacksAre Magellan's (MMP) Q1 Earnings Poised to Beat Expectations?
Higher refined products' tariffs and an increase in fee-based revenues are likely to have boosted Magellan Midstream's (MMP) profit levels in the first quarter.
ZacksMatador (MTDR) Tops on Q1 Earnings, Reiterates Output View
Higher oil equivalent production volumes aid Matador's (MTDR) earnings in Q1.
ZacksIs a Beat in Store for PBF Energy (PBF) in Q1 Earnings?
PBF Energy (PBF) is likely to have benefited from increased gasoline prices in the first quarter.
ZacksIs a Beat in Store for ConocoPhillips (COP) in Q1 Earnings?
Higher production is likely to have aided ConocoPhillips' (COP) performance in the first quarter.
ZacksPar Pacific (PARR) to Report Q1 Earnings: What to Expect?
Sustained lower crude prices are likely to have a relatively negative effect on Par Pacific's (PARR) refining margins in the first quarter.
ZacksIs a Beat in Store for EOG Resources (EOG) in Q1 Earnings?
Favorable commodity price is likely to have aided EOG Resources' (EOG) earnings in Q1.
- Zacks
What's in the Offing for Equinor's (EQNR) Earnings in Q1?
Favorable commodity prices and production are likely to have aided Equinor's (EQNR) Q1 earnings.
ZacksWhy This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
ZacksMagellan Midstream Partners (MMP) Gains But Lags Market: What You Should Know
In the latest trading session, Magellan Midstream Partners (MMP) closed at $55.75, marking a +0.38% move from the previous day.
ZacksONEOK (OKE) to Release Q1 Earnings: What's in the Cards?
ONEOK's (OKE) first-quarter earnings are likely to have benefited from fee-based earnings and an increase in production volumes.
- Zacks
Is a Beat in Store for ExxonMobil (XOM) in Q1 Earnings?
Higher production and favorable price are likely to have boosted ExxonMobil's (XOM) earnings in Q1.