Published: Wed, August 02, 2017
World | By Paul Elliott

Magellan Midstream Partners, LP Earnings Ahead: Quick Glance

Magellan Midstream Partners, LP Earnings Ahead: Quick Glance

Wills Financial Group Inc. raised its position in shares of Dominion Midstream Partners, by 67.8% in the first quarter. DCP's total short interest was 3.71 million shares in August as published by FINRA. It is 0.00% or $0 reaching $20 per share. American Midstream Partners, earned a coverage optimism score of 0.15 on Accern's scale. Gsa Capital Ltd Liability Partnership stated it has 81,978 shares or 0.09% of all its holdings. About 79,869 shares traded. Adams Asset Advsrs Ltd Liability Corporation holds 0.59% or 244,592 shares in its portfolio. Bessemer Gru Incorporated holds 2,000 shares. Zacks Investment Research downgraded Enable Midstream Partners, from a "buy" rating to a "sell" rating in a report on Tuesday, July 18th. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. Moreover, First Republic Investment Mgmt has 0.01% invested in Bemis Company, Inc. Lpl Limited Liability Com accumulated 18,310 shares. 105,389 were reported by Bridgecreek Ltd Limited Liability Company. Spirit of America Management Corp NY now owns 679,508 shares of the pipeline company's stock valued at $10,831,000 after buying an additional 25,473 shares during the period.

Since February 3, 2017, it had 0 insider buys, and 4 sales for $5.72 million activity. The insider Selvidge Jeff R sold 5,000 shares worth $400,000. The New Jersey-based Kcg Hldg has invested 0.02% in Summit Midstream Partners LP (NYSE:SMLP). Royal Bank Of Canada reiterated a "hold" rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a report on Tuesday, June 6th. LLC now owns 34,513 shares of the pipeline company's stock valued at $550,000 after buying an additional 1,154 shares during the last quarter.

Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares. After $0.31 actual earnings per share reported by Novanta Inc (USA) for the previous quarter, Wall Street now forecasts 3.23% EPS growth. The company has market cap of $6.37 billion. The stock rose 0.44% or $0.31 reaching $70.07. About 92,589 shares traded. It has underperformed by 13.15% the S&P500. A D Beadell Counsel owns 82,925 shares or 2.1% of their United States portfolio. The business had revenue of $59 million for the quarter, compared to analysts' expectations of $60.28 million. Stockholders of record on Monday, August 7th will be issued a dividend of $0.412 per share.

As the earnings date approaches, we can see that insider ownership is now 0.20% shares, and institutional ownership is at 64.60% for Magellan Midstream Partners, L.P. (NYSE:MMP) stock.

News articles about Magellan Midstream Partners L.P. (NYSE:MMP) have trended somewhat positive on Wednesday, according to Accern.

Rice Midstream Partners (NYSE:RMP) previously released its fiscal periodic earnings information on early Wed, May 3rd.

Among 20 analysts covering Magellan Midstream Partners L.P. The stock of DCP Midstream LP (NYSE:DCP) has "Buy" rating given on Wednesday, February 22 by UBS. Therefore 94% are positive.

Dominion Energy Midstream Partners, LP (NYSE:DM) is expected to pay $0.29 on Aug 15, 2017. The stock's market capitalization is 15.91B. The company was initiated on Friday, September 9 by FBR Capital. The firm earned "Outperform" rating on Friday, May 27 by RBC Capital Markets. The rating was initiated by Macquarie Research with "Neutral" on Friday, April 21. As per Monday, February 29, the company rating was maintained by Numis Securities. The rating was upgraded by Credit Suisse on Friday, August 7 to "Neutral". Antero Midstream Partners LP (NYSE:AM) has risen 39.56% since August 1, 2016 and is uptrending. Rice Midstream Partners presently has a consensus rating of "Hold" and an average price target of $24.22.

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