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NYSE: MMP
Magellan Midstream Partners LP Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MMP

Based on 11 analysts offering 12 month price targets for Magellan Midstream Partners LP.
Min Forecast
$49.00-4.98%
Avg Forecast
$56.46+9.47%
Max Forecast
$59.00+14.41%

Should I buy or sell MMP stock?

Based on 11 analysts offering ratings for Magellan Midstream Partners LP.
Buy
Strong Buy
5 analysts 45.45%
Buy
2 analysts 18.18%
Hold
2 analysts 18.18%
Sell
1 analysts 9.09%
Strong Sell
1 analysts 9.09%

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MMP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
RBC Capital
Bottom 8%
8
BuyReiterates$59.00+14.41%2023-03-15
Citigroup
Top 21%
80
Strong BuyMaintains$57.00+10.53%2023-02-07
Wells Fargo
Top 13%
88
HoldMaintains$58.00+12.47%2023-02-07
Raymond James
Top 1%
100
BuyMaintains$58.00+12.47%2023-02-03
Barclays
Top 11%
90
Strong BuyUpgrades$59.00+14.41%2023-01-18
Morgan Stanley
Top 18%
83
Strong SellMaintains$56.00+8.59%2023-01-09
Wolfe Research
Top 22%
79
SellDowngrades$49.00-4.98%2022-11-16
Mizuho
Top 16%
85
HoldMaintains$53.00+2.77%2022-10-28

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Forecast return on equity

Is MMP forecast to generate an efficient return?
Company
N/A
Industry
-0.89%
Market
52.51%

Forecast return on assets

Is MMP forecast to generate an efficient return on assets?
Company
N/A
Industry
4.77%

MMP earnings per share forecast

What is MMP's earnings per share in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$4.67-5.66%
Avg 2 year Forecast
$4.81-2.83%
MMP's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MMP revenue forecast

What is MMP's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.1B-4.21%
Avg 2 year Forecast
$2.9B-9.43%
Avg 3 year Forecast
$2.8B-13.81%
MMP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MMP earnings growth forecast

How is MMP forecast to perform vs Oil & Gas Midstream companies and vs the US market?
Company
-1.42%
Industry
17.54%
Market
26.86%
MMP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MMP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MMP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MMP revenue growth forecast

How is MMP forecast to perform vs Oil & Gas Midstream companies and vs the US market?
Company
-4.67%
Industry
-6.09%
Market
9.33%
MMP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MMP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MMP vs Oil & Gas Midstream Stocks

TickerPricePrice TargetUp/downsideConsensus
MMP$51.57$56.46+9.47%Buy
WES$24.76$33.00+33.28%Strong Buy
DTM$47.37$60.86+28.47%Buy
DCP$41.62$40.80-1.97%Buy
PAA$11.54$15.23+32.00%Buy
View Top Oil & Gas Midstream Stocks

Magellan Midstream Partners Stock Forecast FAQ

Is Magellan Midstream Partners Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: MMP) stock is to Buy MMP stock.

Out of 11 analysts, 5 (45.45%) are recommending MMP as a Strong Buy, 2 (18.18%) are recommending MMP as a Buy, 2 (18.18%) are recommending MMP as a Hold, 1 (9.09%) are recommending MMP as a Sell, and 1 (9.09%) are recommending MMP as a Strong Sell.

If you're new to stock investing, here's how to buy Magellan Midstream Partners stock.

What is MMP's earnings growth forecast for 2023-2024?

(NYSE: MMP) Magellan Midstream Partners's forecast annual earnings growth rate of -1.42% is not forecast to beat the US Oil & Gas Midstream industry's average forecast earnings growth rate of 17.54%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 26.86%.

Magellan Midstream Partners's earnings in 2023 is $1,036,400,000.On average, 4 Wall Street analysts forecast MMP's earnings for 2023 to be $949,382,149, with the lowest MMP earnings forecast at $892,459,879, and the highest MMP earnings forecast at $1,006,304,419.

In 2024, MMP is forecast to generate $977,843,284 in earnings, with the lowest earnings forecast at $920,921,014 and the highest earnings forecast at $1,044,930,245.

What is MMP's revenue growth forecast for 2023-2025?

(NYSE: MMP) Magellan Midstream Partners's forecast annual revenue growth rate of -4.67% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of -6.09%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.33%.

Magellan Midstream Partners's revenue in 2023 is $3,200,400,000.On average, 2 Wall Street analysts forecast MMP's revenue for 2023 to be $623,223,639,538, with the lowest MMP revenue forecast at $590,717,160,694, and the highest MMP revenue forecast at $655,730,321,676. On average, 1 Wall Street analysts forecast MMP's revenue for 2024 to be $589,274,384,439, with the lowest MMP revenue forecast at $589,274,384,439, and the highest MMP revenue forecast at $589,274,384,439.

In 2025, MMP is forecast to generate $560,745,349,223 in revenue, with the lowest revenue forecast at $560,745,349,223 and the highest revenue forecast at $560,745,349,223.

What is MMP's forecast return on assets (ROA) for 2023-2025?

(NYSE: MMP) forecast ROA is N/A, which is lower than the forecast US Oil & Gas Midstream industry average of 4.77%.

What is MMP's Price Target?

According to 11 Wall Street analysts that have issued a 1 year MMP price target, the average MMP price target is $56.46, with the highest MMP stock price forecast at $59.00 and the lowest MMP stock price forecast at $49.00.

On average, Wall Street analysts predict that Magellan Midstream Partners's share price could reach $56.46 by Mar 15, 2024. The average Magellan Midstream Partners stock price prediction forecasts a potential upside of 9.47% from the current MMP share price of $51.57.

What is MMP's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: MMP) Magellan Midstream Partners's current Earnings Per Share (EPS) is $4.95. On average, analysts forecast that MMP's EPS will be $4.67 for 2023, with the lowest EPS forecast at $4.39, and the highest EPS forecast at $4.95. In 2024, MMP's EPS is forecast to hit $4.81 (min: $4.53, max: $5.14).

What is MMP's forecast return on equity (ROE) for 2023-2025?

(NYSE: MMP) forecast ROE is N/A, which is considered weak.
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