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.

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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.

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