Magellan Midstream Partners L.P Stock Hits New 52-Week High (MMP)

NEW YORK ( TheStreet) -- Magellan Midstream Partners L.P (NYSE: MMP) hit a new 52-week high Thursday as it is currently trading at $56.40, above its previous 52-week high of $56.29 with 181,228 shares traded as of 11 a.m. ET. Average volume has been 627,100 shares over the past 30 days.

Magellan Midstream Partners L.P has a market cap of $12.45 billion and is part of the basic materials sector and energy industry. Shares are up 27.6% year to date as of the close of trading on Wednesday.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Magellan Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Magellan Midstream Partners L.P Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

With Hurricane Harvey, We Are in the Crosshairs of Volatility: Market Recon

Magellan Midstream Partners Is Back to Support: Here's How to Play It

Novartis AG, Sirius XM Radio, Coupa Software: 'Mad Money' Lightning Round

August's Inexplicable Selloffs Are Here: Cramer's 'Mad Money' Recap (8/17/17)

Action Alerts PLUS: There's Strength in (Earnings) Numbers