RBC Capital analyst Elvira Scotto maintained a Hold rating on Magellan Midstream (MMP – Research Report) on September 17 and set a price target of $68.00. The company’s shares closed yesterday at $68.97.
Scotto covers the Energy sector, focusing on stocks such as Sunnova Energy International, Kinder Morgan, and Plains All American. According to TipRanks, Scotto has an average return of 18.6% and a 63.86% success rate on recommended stocks.
Magellan Midstream has an analyst consensus of Hold, with a price target consensus of $63.75.
The company has a one-year high of $69.40 and a one-year low of $42.25. Currently, Magellan Midstream has an average volume of 1.17M.
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Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.
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