Chart Watch for Magellan Midstream Partners, LP (NYSE:MMP)

Wall Street renowned brokerages following EQT Midstream Partners, LP (NYSE:EQM) have now given a mean price target of $91.454 on its stock.

In front of fourth-quarter earnings release on Wednesday, Feb 15, 2017, 9 analysts are forecasting profits of $0.34 per share, with views ranging from an ultra-tight $0.24 to $0.48. On average, equities analysts anticipate that Magellan Midstream Partners L.P. will post $3.82 earnings per share for the current fiscal year.

DCP MIDSTREAM LP technical analysis validates that DCP MIDSTREAM LP 50-day MA is $36.93, and it is trading $0.67 points away or +1.81% from its 50-day MA of $36.93. Sell-side analysts covering the company are looking for the stock to go to $19.070 within the next 52 weeks. Advisory Research Inc. now owns 2,286,289 shares of the company's stock worth $173,758,000 after buying an additional 1,022,060 shares during the period. Roanoke Asset Management Corp NY raised its position in EnLink Midstream Partners, by 4.1% in the second quarter. Back on November 1, 2016, it posted earnings per-share earnings at $-0.03 which missed the consensus $-0.01 projection (negative surprise of-200%).

Analysts have a consensus target price of $92.14 in the 12-month period. The stock added about 13.4 percent in price since last results when it was at $16.65 a share. It recently traded in a range of $18.79-$19.16 at a volume of 780323 shares.

Other analysts have also recently issued research reports about the company. The company earned $614.92 million during the quarter, compared to the consensus estimate of $610.41 million. Magellan Midstream Partners L.P. has a 52-week low of $62.36 and a 52-week high of $81.70. Shareholders of record on Tuesday, January 31st were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 3rd. This represents a $3.42 annualized dividend and a yield of 4.26%. EnLink Midstream Partners, 's dividend payout ratio is now -38.90%.

This report was published by BBNS and is the property of of BBNS. We in no way are suggesting that readers make any decision on Antero Midstream Partners LP (NYSE:AM) based on the information in this report. FBR & Co reaffirmed a "buy" rating on shares of EnLink Midstream Partners, in a report on Thursday, December 8th. Finally, Deutsche Bank AG initiated coverage on shares of Magellan Midstream Partners a report on Tuesday, January 3rd. They now have a United States dollars 27 price target on the stock. The company now has an FCF quality score of 3.895467.

This Little Known Stocks Could Turn Every $10,000 into $42,749! Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. It closed the session at $14.78 with a volume of 364700 shares.

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  • Zachary Reyes