Published: Tue, October 10, 2017
Finance | By Loren Pratt

Magellan Midstream Partners LP (MMP) Receives Consensus Recommendation of "Hold" from Analysts

It is down 80.09% since October 9, 2016 and is uptrending. It has outperformed by 8.14% the S&P500. The Volatility 3m of Magellan Midstream Partners, L.P. (NYSE:MMP) is 15.6438.

The price to book ratio or market to book ratio for Magellan Midstream Partners, L.P. (NYSE:MMP) now stands at 7.556768. 1 equities equity analyst has recommended the share with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation to the share. It closed at $70.73 lastly. It has underperformed by 1.42% the S&P500. The firm has "Hold" rating given on Tuesday, March 15 by Gabelli. It is derived from the P/E - Price Earnings Ratio, in which the profit is replaced by cash flow. The Company's divisions include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The stock of Rice Midstream Partners LP (NYSE:RMP) has "Buy" rating given on Thursday, August 10 by BMO Capital Markets. Therefore 17% are positive. Citigroup Inc. restated a neutral rating and set a $24.00 price target (up from $22.00) on shares of Summit Midstream Partners, in a report on Monday, July 24th. The firm earned "Equal Weight" rating on Monday, August 10 by Pacific Crest. The stock has "Hold" rating by Stifel Nicolaus on Thursday, September 28.

02/03/2017 - Magellan Midstream Partners L.P. was downgraded to "sector perform" by analysts at RBC Capital. The company was maintained on Thursday, July 13 by Stifel Nicolaus. As per Monday, May 29, the company rating was maintained by Keefe Bruyette & Woods. Mariner Investment Group LLC now owns 173,040 shares of the pipeline company's stock valued at $13,309,000 after buying an additional 7,800 shares during the period. On Monday, June 19 the stock rating was downgraded by Suntrust Robinson to "Hold". (TSE:CBL), 1 have Buy rating, 0 Sell and 3 Hold. BMO Capital Markets has "Hold" rating and $600 target. The firm has "Neutral" rating given on Friday, May 5 by Credit Suisse.

Investors sentiment increased to 1.8 in 2017 Q2. Its up 0.05, from 1.53 in 2017Q1. Federated Investors Inc Pa reported 643 shares. 53 funds opened positions while 84 raised stakes. Prudential stated it has 0% in Apollo Investment Corp. Over the last week of the month, it was 1.54%, 2.37% over the last quarter, and 7.43% for the past six months. Stratos Wealth Partners LTD. now owns 14,645 shares of the pipeline company's stock worth $1,036,000 after buying an additional 1,090 shares in the last quarter. 32,096 are owned by Ing Groep Nv. Senseonics Holdings, given 3 buy-equivalent recommendations, 0 sells and 0 holds. The ROIC 5 year average of Antero Midstream Partners LP (NYSE:AM) is 0.069434. The Ontario - Canada-based Royal Bancorp Of Canada has invested 0% in Valley National Bancorp (NYSE:VLY). Renaissance Technology Ltd Liability Company holds 0.03% of its portfolio in IDACORP Inc (NYSE:IDA) for 285,100 shares. United Kingdom-based Legal & General Gru Public Limited Company has invested 0% in Malvern Bancorp, Inc. Comml Bank Of Montreal Can accumulated 25,000 shares. (NASDAQ:MLVF). Clover Partners L P holds 3.79% or 463,191 shares. Deutsche Fincl Bank Ag has invested 0% in Callidus Capital Corp (TSE:CBL). Its up 0.94, from 0.86 in 2017Q1.

Many research analysts also published research study on CNNX. The SMA 50/200 for Magellan Midstream Partners, L.P. (NYSE:MMP) is now 0.9332. Morgan Stanley has invested 0.06% in Magellan Midstream Partners, L.P. (NYSE:MMP). The dividend was $0.318 per share for the quarter which comes to $1.27 on an annualized basis. Regal Investment Advisors LLC boosted its position in Magellan Midstream Partners 0.4% during the 2nd quarter. Stephens Inc. AR lifted its holdings in shares of EnLink Midstream Partners, by 5.5% during the first quarter. Tiaa Cref Inv Mngmt Ltd Company reported 322,402 shares.

Magellan Midstream Partners, L.P. (NYSE:MMP) has a current MF Rank of 6265. The stock now provides a dividend yield of 3.74% for the Technology company. The Volatility 12m of Magellan Midstream Partners, L.P. (NYSE:MMP) is 17.0124. Alliancebernstein LP holds 56,641 shares.

Enable Midstream Partners, LP (ENBL) stock price distance from twenty day simple moving average surged at 4.35% while its distance from fifty day simple moving average raised 6.70% along with 0.83% above distance from two hundred simple moving averages. 200 are owned by Thompson Davis And Co.

Several research analysts recently issued reports on the stock. They expect $0.21 earnings per share, down 19.23% or $0.05 from last year's $0.26 per share. MMP's profit will be $221.18 million for 18.18 P/E if the $0.97 EPS becomes a reality. After $0.29 actual earnings per share reported by Shell Midstream Partners LP for the previous quarter, Wall Street now forecasts 20.69 % EPS growth.

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