4. As of noon trading, Magellan Midstream Partners L.P ( MMP) is up $1.04 (2.1%) to $50.41 on light volume Thus far, 189,567 shares of Magellan Midstream Partners L.P exchanged hands as compared to its average daily volume of 626,600 shares. The stock has ranged in price between $49.53-$50.51 after having opened the day at $49.71 as compared to the previous trading day's close of $49.37.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States. Magellan Midstream Partners L.P has a market cap of $11.2 billion and is part of the basic materials sector. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Magellan Midstream Partners L.P a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Magellan Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Magellan Midstream Partners L.P Ratings Report now.

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