Magellan Midstream Partners L.P. Limited Partnership is part of the energy sector and oil and gas midstream industry. The company CEO is Michael N. Mears. Magellan Midstream Partners LP is engaged in the transportation, storage and distribution of refined petroleum products. The company operates through three segments: refined products, crude oil and marine storage.



Previous Intraday Performance:

The MMP shares had a previous change of -1.08% which opened at 63.87 and closed at 63.29. It moved to an intraday high of 63.92 and a low of 63.05.

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Historical Performance:

Over the last five trading days, MMP shares returned 1.49% and in the past 30 trading days it returned 3.75%. Over three months, it changed 6.94%. In one year it has changed -4.88% and within that year its 52 week high was 72.90 and its 52 week low was 54.25. MMP stock is 16.66% above its 52 week low.

Our calculations result in a 200 day moving average of 60.68 and a 50 day moving average of 61.40. Right now, MMP stock is trading 4.31% above its 200 day moving average and may be a good opportunity to buy.

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Liquidity:

The company has a market cap of $14.5b with 228.4m shares outstanding and a float of 227.2m shares. Trading volume was 738,429 shares and has experienced an average volume of 778,609 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.

Earnings:

The last annual reported EPS for Magellan Midstream Partners L.P. Limited Partnership was 5.84 which ended on 31st of December 2018, which according to the previous close, that is a PE of 10.84. Based on 7 analyst estimates, the consensus EPS for the next quarter is 0.99. The trailing twelve month EPS reported is 4.23 (trailing twelve month diluted EPS is 5.82).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-01-2019: 0.91
4thQtr 2018Reported 01-31-2019: 1.37
3rdQtr 2018Reported 11-01-2018: 2.60
2ndQtr 2018Reported 08-02-2018: 0.94
1stQtr 2018Reported 05-03-2018: 0.92

Base on our calculations, the intrinsic value per share is 61.01, which means it might be overvalued by -3.73%.

EPS growth is an important number as it indicates the future prospects of Magellan Midstream Partners L.P. Limited Partnership; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 9.00% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 82.20% of institutional ownership. Short-interest was 5,526,315, which was 2.42% of shares outstanding. The short-interest ratio or days-to-cover ratio was 7.78. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 0.75.

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Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 18.27%, profit margin is 48.19%, price-to-sales is 5.26 and price-to-book is 5.59.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 6  : Financial Safety Result
 2  : Past Performance Result
 1  : Valuation Result
 0  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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