Media coverage about Magellan Midstream Partners (NYSE:MMP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magellan Midstream Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.356712170204 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s analysis:

MMP has been the topic of several research reports. Citigroup raised Magellan Midstream Partners from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, September 21st. Mizuho reissued a “sell” rating and issued a $72.00 price objective on shares of Magellan Midstream Partners in a research report on Friday, October 20th. Jefferies Group reissued a “hold” rating and issued a $70.00 price objective (down from $73.00) on shares of Magellan Midstream Partners in a research report on Sunday, September 3rd. Finally, BMO Capital Markets initiated coverage on Magellan Midstream Partners in a research report on Monday, December 11th. They issued a “buy” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.69.

Magellan Midstream Partners (MMP) traded up $0.31 during trading hours on Monday, reaching $69.20. The company’s stock had a trading volume of 1,027,746 shares, compared to its average volume of 716,147. The company has a quick ratio of 0.29, a current ratio of 0.50 and a debt-to-equity ratio of 1.90. Magellan Midstream Partners has a one year low of $63.55 and a one year high of $81.77. The stock has a market capitalization of $15,708.64, a price-to-earnings ratio of 18.08, a PEG ratio of 2.34 and a beta of 0.77.

Magellan Midstream Partners (NYSE:MMP) last announced its earnings results on Thursday, November 2nd. The pipeline company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.02. Magellan Midstream Partners had a return on equity of 40.99% and a net margin of 34.50%. The business had revenue of $551.80 million for the quarter, compared to analyst estimates of $610.12 million. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. research analysts predict that Magellan Midstream Partners will post 3.88 EPS for the current fiscal year.

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