Magellan Midstream Partners, LP Earnings Ahead: Quick Glance

Andrew Cummings
August 2, 2017

(NASDAQ:DGAS)'s market cap, the total dollar value of all of their outstanding shares, is 217.27m. (NASDAQ:DGAS)'s stock about -1.62% from the 50-day high and 1.50% away from the 50-day low. $3.94 million worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by MEARS MICHAEL N on Friday, February 3.

Hedge funds have recently added to or reduced their stakes in the stock. TNB Financial bought a new position in Magellan Midstream Partners L.P. during the first quarter worth $212,000. Moreover, Castleark Limited Liability Com has 0.24% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). 10 funds opened positions while 34 raised stakes. Van ECK Associates Corp now owns 68,796 shares of the pipeline company's stock valued at $1,651,000 after buying an additional 1,861 shares during the period. Creative Planning raised its position in Magellan Midstream Partners 7.3% in the first quarter. JPMorgan Chase & Co. now owns 3,763,537 shares of the pipeline company's stock worth $289,454,000 after buying an additional 277,575 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Summit Midstream Partners, during the first quarter valued at approximately $570,000. Center Coast Capital Advisors LP now owns 2,115,744 shares of the pipeline company's stock worth $162,722,000 after buying an additional 85,815 shares in the last quarter. The company had a trading volume of 188,281 shares. Magellan Midstream Partners L.P. has $91 highest and $61 lowest target. (NYSE MMP) traded up 0.13% during midday trading on Tuesday, reaching $69.85.

The stock of Novanta Inc (USA) (NASDAQ:NOVT) is a huge mover today! Magellan Midstream Prtnrs Lp now has $15.98B valuation. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.54 and a beta of 1.69.

Magellan Midstream Partners L.P. had a return on equity of 41.17% and a net margin of 35.16%.

American Midstream Partners, (NYSE:AMID) last released its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.08. The business had revenue of $59 million for the quarter, compared to analysts' expectations of $60.28 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The firm's quarterly revenue was down 19.0% compared to the same quarter past year.

Among 17 analysts covering Antero Midstream Partners LP (NYSE:AM), 16 have Buy rating, 0 Sell and 1 Hold. Shareholders of record on Monday, August 7th will be issued a dividend of $0.412 per share. Linscomb & Williams Inc. boosted its position in Cone Midstream Partners by 0.4% in the first quarter. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.10%. Magellan Midstream Partners L.P.'s dividend payout ratio (DPR) is 99.44%.

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources' production. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and global copyright and trademark law.

Magellan Midstream Partners, L.P. (NYSE:MMP)'s earnings is on the doorstep as the firm is set to report on 8/2/2017 8:30:00 AM.

11/16/2016 - Magellan Midstream Partners L.P. had its " rating reiterated by analysts at CFRA Research. They set a "neutral" rating and a $80.00 price objective for the company. The original version of this news story can be viewed at The rating was maintained by Barclays Capital with "Overweight" on Thursday, August 4. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, September 14. Bank of America initiated it with "Buy" rating and $10 target in Wednesday, May 18 report.

Shares of Magellan Midstream Partners L.P. OppenheimerFunds Inc. now owns 8,453,965 shares of the pipeline company's stock valued at $202,895,000 after buying an additional 583,831 shares during the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.24% of the company's stock.

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