Is Magellan Midstream Partners L.P. (NYSE:MMP) an excellent stock to buy at the moment?

The price of Magellan Midstream Partners L.P. (NYSE: MMP) closed at $54.08 in the last session, up 0.02% from day before closing price of $54.07. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 926058 shares were traded. MMP stock price reached its highest trading level at $60.55 during the session, while it also had its lowest trading level at $52.00.

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We take a closer look at MMP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1362.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 191.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 2.86 whereas as Long-Term Debt/Eq ratio is at 2.86.

Upgrades & Downgrades

On December 16, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $57 to $56.

On December 09, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $56.Citigroup initiated its Buy rating on December 09, 2022, with a $56 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 15 when MONTAGUE JAMES R sold 2,892 shares for $53.43 per share. The transaction valued at 154,524 led to the insider holds 25,095 shares of the business.

Korner Lisa J sold 11,669 shares of MMP for $571,781 on Mar 02. The Senior Vice President now owns 81,119 shares after completing the transaction at $49.00 per share. On Mar 02, another insider, Little Melanie A, who serves as the Senior Vice President of the company, sold 5,077 shares for $49.30 each. As a result, the insider received 250,297 and left with 32,240 shares of the company.

Valuation Measures:

As of this moment, Magellan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.60, and their Forward P/E ratio for the next fiscal year is 10.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.50 while its Price-to-Book (P/B) ratio in mrq is 6.41.

Stock Price History:

Over the past 52 weeks, MMP has reached a high of $54.40, while it has fallen to a 52-week low of $44.79. The 50-Day Moving Average of the stock is 51.32, while the 200-Day Moving Average is calculated to be 50.41.

Shares Statistics:

According to the various share statistics, MMP traded on average about 850.67K shares per day over the past 3-months and 594.4k shares per day over the past 10 days. A total of 207.50M shares are outstanding, with a floating share count of 204.24M. Insiders hold about 0.34% of the company’s shares, while institutions hold 52.10% stake in the company. Shares short for MMP as of Oct 13, 2022 were 8.2M with a Short Ratio of 8.97M, compared to 8.57M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.95% and a Short% of Float of 3.96%.

Dividends & Splits

The forward annual dividend rate for MMP is 4.19, which was 4.11 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 7.60%, it implies a Forward Annual Dividend Yield of 8.10%. The stock’s 5-year Average Dividend Yield is 7.63. The current Payout Ratio is 80.10% for MMP, which recently paid a dividend on Nov 13, 2022 with an ex-dividend date of Nov 03, 2022. Stock splits for the company last occurred on Oct 14, 2012 when the company split stock in a 2:1 ratio.

Earnings Estimates

The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.29 for the current quarter, with a high estimate of $1.45 and a low estimate of $1.18, while EPS last year was $1.14. The consensus estimate for the next quarter is $1.17, with high estimates of $1.21 and low estimates of $1.14.

Analysts are recommending an EPS of between $5.67 and $4.05 for the fiscal current year, implying an average EPS of $4.89. EPS for the following year is $4.76, with 15 analysts recommending between $5.39 and $4.42.

Revenue Estimates

According to 5 analysts, the current quarter’s revenue is expected to be $820.9M. It ranges from a high estimate of $874.2M to a low estimate of $790.93M. As of the current estimate, Magellan Midstream Partners L.P.’s year-ago sales were $809.3M, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $783.09M, an increase of 16.10% over than the figure of $1.40% in the same quarter last year. There is a high estimate of $838.5M for the next quarter, whereas the lowest estimate is $735.62M.

A total of 7 analysts have provided revenue estimates for MMP’s current fiscal year. The highest revenue estimate was $3.17B, while the lowest revenue estimate was $2.86B, resulting in an average revenue estimate of $3.01B. In the same quarter a year ago, actual revenue was $2.73B, up 10.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $3.12B in the next fiscal year. The high estimate is $3.41B and the low estimate is $2.68B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.