Magellan Midstream Partners is Among the Companies in the Oil & Gas Storage & Transportation Industry With the Lowest Projected Earnings Growth (MMP, BPL, GEL, ANW, MMLP)
Below are the three companies in the Oil & Gas Storage & Transportation industry with the lowest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
Magellan Midstream Partners ranks lowest with a projected earnings growth of 4.1%. Buckeye Partners is next with a projected earnings growth of 6.2%. Genesis Energy ranks third lowest with a projected earnings growth of 11.1%.
Aegean Marine Petroleum follows with a projected earnings growth of 18.2%, and Martin Midstream Partners rounds out the bottom five with a projected earnings growth of 21.5%.
SmarTrend recommended that its subscribers protect gains by selling shares of Aegean Marine Petroleum on May 26th, 2016 by issuing a Downtrend alert when the shares were trading at $6.87. Since that call, shares of Aegean Marine Petroleum have fallen 15.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest projected earnings growth magellan midstream partners buckeye partners amex:gel genesis energy aegean marine petroleum martin midstream partners