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The Future of Magellan Midstream Partners L.P.: Analyzing MMP

The current stock price for Magellan Midstream Partners L.P. (MMP) is $69.28. The stock experienced a significant increase during the last trading session, reaching $69.40 after opening at $68.50. It dipped to a low of $68.33 before ultimately closing at $68.18.

In terms of market performance, Magellan Midstream Partners L.P. had a somewhat regular. The highest value for the stock in the past year was $68.25 on 09/14/23, while the lowest value was $45.52 on 09/26/22.

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52-week price history of MMP Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Magellan Midstream Partners L.P.’s current trading price is 1.51% away from its 52-week high, while its distance from the 52-week low is 52.20%. The stock’s price range during this period has fluctuated between $45.52 and $68.25. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 3.63 million for the day, which was evidently higher than the average daily volume of 1.14 million over the last three months.

Financial Performance and Market Capitalization

Magellan Midstream Partners L.P. (MMP) has experienced a quarterly rise of 16.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.94B and boasts a workforce of 1655 employees.

Analysts’ Ratings For Magellan Midstream Partners L.P.

As of right now, 1 analyst is rating Magellan Midstream Partners L.P. as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 62.38, with a change in price of +13.03. Similarly, Magellan Midstream Partners L.P. recorded 1,461,079 in trading volume during the last 100 days, posting a change of +23.16%.

MMP Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MMP stands at 2.91. Similarly, the long-term debt-to-equity ratio is also 2.91.

MMP Stock Stochastic Average

Magellan Midstream Partners L.P.’s raw stochastic average for the past 50 days is currently at 98.51%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 97.49%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 97.83% and 89.97%, respectively.

MMP Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 37.98% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 32.92%. Over the past 30 days, the price of MMP has fallen by 5.69%. And in the last five days, it has surged by 4.72%.

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