New York: Shell Midstream (NYSE:SHLX) Stock Has Just Had Its Hold Rating Reiterated by Stifel Nicolaus. Shares now Have a $26.0000 Target

May 17, 2018 - By Jacob Falcon

Shell Midstream (NYSE:SHLX) Rating Reaffirmed

Analysts at Stifel Nicolaus now has a $26.0000 target on Shell Midstream (NYSE:SHLX). Stifel Nicolaus and their recent target means a potential upside of 9.11 % from the company’s stock close price. The rating has been shown in a note on Wednesday morning.

Shell Midstream Partners, L.P. (NYSE:SHLX) Ratings Coverage

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream Partners has $40 highest and $25 lowest target. $30.06’s average target is 26.14% above currents $23.83 stock price. Shell Midstream Partners had 16 analyst reports since November 17, 2017 according to SRatingsIntel. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. Barclays Capital maintained it with “Equal-Weight” rating and $29 target in Monday, April 16 report. Mizuho maintained the stock with “Buy” rating in Monday, March 26 report. Morgan Stanley maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Thursday, March 29 with “Equal-Weight” rating. The firm has “Hold” rating given on Wednesday, January 17 by Stifel Nicolaus. The rating was maintained by JP Morgan on Tuesday, March 13 with “Overweight”. Barclays Capital maintained it with “Equal-Weight” rating and $29 target in Friday, November 17 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, March 1. The company was maintained on Thursday, April 5 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Friday, November 17 by Morgan Stanley.

The stock increased 0.85% or $0.2 during the last trading session, reaching $23.83. About 804,399 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 33.91% since May 17, 2017 and is downtrending. It has underperformed by 45.46% the S&P500.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on August, 2. They expect $0.33 earnings per share, up 13.79 % or $0.04 from last year’s $0.29 per share. SHLX’s profit will be $73.85 million for 18.05 P/E if the $0.33 EPS becomes a reality. After $0.18 actual earnings per share reported by Shell Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 83.33 % EPS growth.

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. The company has market cap of $5.33 billion. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system to Texas and Louisiana; a 174-mile offshore Gulf of Mexico corridor pipeline that transports medium sour crude from producers in eastern Garden Bank and Keathley Canyon blocks; and Odyssey pipeline system covering approximately 106-miles, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. It has a 18.63 P/E ratio. The firm also has interests in a 367-mile Gulf of Mexico offshore pipeline that transports crude oil to Texas and Louisiana; a 71-mile crude oil pipeline that provides transportation for various oil producers in the eastern Gulf of Mexico; and Endymion pipeline system, an 89-mile crude oil pipeline that offers transportation for various oil producers in the eastern Gulf of Mexico.

More important recent Shell Midstream Partners, L.P. (NYSE:SHLX) news were published by: Streetinsider.com which released: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018, also Globenewswire.com published article titled: “Shell Midstream Partners, LP Declares 4.5% Increase in Quarterly Distribution”, Globenewswire.com published: “Shell Midstream Partners, LP Announces Largest Acquisition to Date” on May 10, 2018. More interesting news about Shell Midstream Partners, L.P. (NYSE:SHLX) was released by: Globenewswire.com and their article: “Shell Midstream Partners, LP 1st Quarter 2018 Unaudited Results” with publication date: May 03, 2018.

Shell Midstream Partners, L.P. (NYSE:SHLX) Ratings Chart

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