Magellan Midstream Partners L.P. (MMP) Given Daily Media Sentiment Score of 0.20
News articles about Magellan Midstream Partners L.P. (NYSE:MMP) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magellan Midstream Partners L.P. earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 47.0359602495514 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Magellan Midstream Partners L.P. (MMP) Expected to Announce Quarterly Sales of $571.36 Million (americanbankingnews.com)
- BRIEF-Magellan Midstream and Valero form joint venture to expand Pasadena marine terminal (businessinsider.com)
- Valero Energy : Magellan Midstream and Valero Form Joint Venture to Expand Pasadena Marine Terminal (4-traders.com)
- Magellan Midstream, Valero Form JV To Expand Pasadena Marine Terminal (nasdaq.com)
Several research analysts have recently commented on MMP shares. BidaskClub raised Magellan Midstream Partners L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Barclays PLC lowered Magellan Midstream Partners L.P. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $88.00 to $77.00 in a research report on Tuesday, July 18th. Stifel Nicolaus reissued a “hold” rating and issued a $77.00 price target on shares of Magellan Midstream Partners L.P. in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Magellan Midstream Partners L.P. in a research report on Monday, July 24th. Finally, Mizuho lowered Magellan Midstream Partners L.P. from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $74.00 to $72.00 in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Magellan Midstream Partners L.P. has a consensus rating of “Hold” and a consensus target price of $79.19.
Magellan Midstream Partners L.P. (MMP) opened at 71.13 on Friday. The company’s 50-day moving average price is $67.85 and its 200 day moving average price is $72.30. Magellan Midstream Partners L.P. has a 12 month low of $63.92 and a 12 month high of $81.77. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 19.29 and a beta of 0.80.
Magellan Midstream Partners L.P. (NYSE:MMP) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The company had revenue of $619.40 million during the quarter, compared to the consensus estimate of $561.70 million. Magellan Midstream Partners L.P. had a return on equity of 41.81% and a net margin of 34.63%. Magellan Midstream Partners L.P.’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Analysts predict that Magellan Midstream Partners L.P. will post $3.90 EPS for the current year.
About Magellan Midstream Partners L.P.
Receive News & Ratings for Magellan Midstream Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Midstream Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.