- MMP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $32.2 million.
- MMP has traded 75,643 shares today.
- MMP traded in a range 662.7% of the normal price range with a price range of $9.52.
- MMP traded below its daily resistance level (quality: 121 days, meaning that the stock is crossing a resistance level set by the last 121 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower. EXCLUSIVE OFFER: Get the inside scoop on opportunities in MMP with the Ticky from Trade-Ideas. See the FREE profile for MMP NOW at Trade-Ideas More details on MMP: Magellan Midstream Partners, L.P. is engaged in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage. The stock currently has a dividend yield of 3%. MMP has a PE ratio of 26.8. Currently there are 7 analysts that rate Magellan Midstream Partners L.P a buy, no analysts rate it a sell, and 7 rate it a hold. The average volume for Magellan Midstream Partners L.P has been 458,700 shares per day over the past 30 days. Magellan Midstream Partners L.P has a market cap of $19.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.45 and a short float of 1% with 4.57 days to cover. Shares are up 30.5% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Magellan Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 3.5%. Since the same quarter one year prior, revenues rose by 43.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- MAGELLAN MIDSTREAM PRTNRS LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MAGELLAN MIDSTREAM PRTNRS LP increased its bottom line by earning $2.56 versus $1.93 in the prior year. This year, the market expects an improvement in earnings ($3.30 versus $2.56).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 114.7% when compared to the same quarter one year prior, rising from $112.97 million to $242.55 million.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, MAGELLAN MIDSTREAM PRTNRS LP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- The gross profit margin for MAGELLAN MIDSTREAM PRTNRS LP is rather high; currently it is at 56.11%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 39.20% significantly outperformed against the industry average.
- You can view the full Magellan Midstream Partners L.P Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.