Sponsored By:

This MLP Could Score Traders 19%-Plus Returns

MMP is under heavy accumulation with a bullish MACD

   

Magellan Midstream Partners LP (MMP) — This master limited partnership (MLP) is engaged in the transportation, storage and distribution of refined petroleum through its 9,600-mile pipeline system.

This company’s low-cost capital structure and fee-based earnings have contributed to the stability of its growth. It has successfully diversified and has access to 40% of the United States’ refining capacity. It earned $2.02 per share in 2012, and the consensus estimate is for $2.51 in 2013 and $2.78 in 2014.

MMP has been in a bull market since 2008. In September, it broke higher from a 10-month bull channel and formed a new bull channel with a steeper angle of advance. The stock is under heavy and steady accumulation with a bullish MACD.

The 12-month target for MMP is $70, and with a dividend yield of 3.7%, it could provide an annual return of 19%-plus.

11 05 13 mmp 300x194 This MLP Could Score Traders 19% Plus Returns
Click to Enlarge

chart key 300x84 This MLP Could Score Traders 19% Plus Returns


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/trade-day-magellan-midstream-partners-lp-mmp/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.