Receive News & Ratings for Magellan Midstream Partners L.P. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Magellan Midstream Partners L.P. and related companies with MarketBeat.com’s FREE daily email newsletter. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company provides natural gas gathering and processing, and residue gas and natural gas liquids (NGL) transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation. The Martin Midstream Partners L.P. (NASDAQ:MMLP)’s impact score for the day is now at 64.
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Several other institutional investors also recently modified their holdings of SHLX. Drexel Hamilton initiated coverage on Rice Midstream Partners in a research report on Tuesday, August 16th. They issued a “buy” rating for the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $21.00 price target (up from $16.00) on shares of EnLink Midstream Partners in a report on Monday, September 5th. Zacks Investment Research raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Breaking those down we see that the ratings are as follows: 7 Strong Buy, 1 Rated Buy, 3 Rated Hold and 0 Rated Sell. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Magellan Midstream Partners L.P. (MMP).
Shares of EnLink Midstream Partners LP (NYSE:ENLK) traded down 0.59% on Friday, hitting $16.98. 401,368 shares of the stock were exchanged.
DCP Midstream Partners LP (NYSE:DPM) has provided investors with solid gains over the past year, as the stock has moved 28.29% during that time frame. The company’s 50 day moving average is $31.03 and its 200 day moving average is $33.56.
The stock has a market cap of $15.45 billion, a PE ratio of 18.18 and a beta of 0.65.
Shell Midstream Partners (NYSE:SHLX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. The firm earned $71.10 million during the quarter, compared to the consensus estimate of $78.15 million. In the same quarter previous year, the company posted EPS of $1.12. The company’s revenue was up 23.4% on a year-over-year basis. American Midstream Partners LP’s market capitalization is now $0.0.
A number of hedge funds have recently added to or reduced their stakes in the stock. NY owned approximately 0.78% of EnLink Midstream Partners worth $42,973,000 as of its most recent SEC filing. The average target is $10.30 with 0 rating the stock a strong buy, 0 rating the stock a buy, six analysts rating the stock a hold, one firm rating the company to underperform, and lastly 0 firms rating the stock as sell. V Wealth Management LLC boosted its stake in Magellan Midstream Partners L.P.by 0.6% in the second quarter.
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Janney Capital gave shares of Martin Midstream Partners LP a price target of 22 indicating a potential increase of 8.43% from Martin Midstream Partners LP’s current price of 20.29. Finally, Renaissance Technologies LLC acquired a new position in shares of EnLink Midstream Partners during the first quarter worth about $1,179,000. It operates through three segments: Gathering and Processing, Transmission and Terminals. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.
