Shell Midstream Partners L.P.UNITS Repres (NYSE:SHLX)’s Trend Up, Especially After Decreased Shorts

June 10, 2018 - By Vivian Currie

The stock of Shell Midstream Partners L.P.UNITS Repres (NYSE:SHLX) registered a decrease of 6.08% in short interest. SHLX’s total short interest was 4.30M shares in June as published by FINRA. Its down 6.08% from 4.58 million shares, reported previously. With 896,700 shares average volume, it will take short sellers 5 days to cover their SHLX’s short positions. The short interest to Shell Midstream Partners L.P.UNITS Repres’s float is 4.36%.

The stock decreased 0.63% or $0.15 during the last trading session, reaching $23.58. About 1.09M shares traded or 8.24% up from the average. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 26.23% since June 10, 2017 and is downtrending. It has underperformed by 38.80% the S&P500.

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 $5.28 billion. The firm owns interests in four crude oil pipeline systems and two refined products pipeline systems, as well as a crude tank storage and terminal system. It has a 18.44 P/E ratio. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St.

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

Among 9 analysts covering Shell Midstream (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream had 12 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Wednesday, March 28 with “Buy”. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Overweight” rating by JP Morgan on Tuesday, March 13. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Wednesday, May 16. Stifel Nicolaus has “Hold” rating and $2600 target. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Buy”. Barclays Capital maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Monday, April 16 with “Equal-Weight” rating. The firm has “Hold” rating given on Wednesday, January 17 by Stifel Nicolaus. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Thursday, April 5 with “Hold” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, March 1. UBS maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Friday, March 2. UBS has “Buy” rating and $38 target. On Thursday, March 29 the stock rating was maintained by Morgan Stanley with “Equal-Weight”.

Another recent and important Shell Midstream Partners, L.P. (NYSE:SHLX) news was published by Prnewswire.com which published an article titled: “Alerian Index Series June 2018 Index Review” on June 08, 2018.

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

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