Magellan Midstream Partners has received a consensus rating of Hold. The company’s average rating score is 2.21, and is based on 3 buy ratings, 11 hold ratings, and no sell ratings.

Where is Magellan Midstream Partners?

Tulsa
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil based in Tulsa, Okla.

Is Mplx a buy or sell?

Mplx has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Will MMP stock go up?

Magellan Midstream Partners LP (NYSE:MMP) The 19 analysts offering 12-month price forecasts for Magellan Midstream Partners LP have a median target of 52.00, with a high estimate of 64.00 and a low estimate of 48.00. The median estimate represents a +12.95% increase from the last price of 46.04.

What is a midstream stock?

Midstream refers to points in the oil production process that falls between upstream and downstream. In particular, midstream activities include the storage, processing, and transportation of petroleum products. These may include companies that specialize in operating tanker ships, pipelines, or storage facilities.

How big is the Magellan pipeline?

approximately 9,800 miles
Magellan is the longest common carrier pipeline system for refined products and LPGs in the United States, extending approximately 9,800 miles from the Texas Gulf Coast and covering a 15-state area across the central U.S. The system includes 47 million barrels of aggregate usable storage capacity at 54 connected …

Who is Magellan Midstream Partners, L.P.?

Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products. We mailed 2019 Schedule K-1s by Feb. 28, 2020, with the K-1s now available online.

Where are Magellan oil terminals in the US?

Magellan is based in Tulsa, Oklahoma, and controls a network of terminals and transport pipelines for both crude oil and refined products across the US, east of the Rockies.

What to do in case of a Magellan Pipeline emergency?

Pipeline Safety. For a pipeline emergency, call 800-720-2417. Magellan is committed to safe operations of our assets. We maintain the highest standards in safety to do so.