Shell Midstream Partners Stock Forecast, Price & News

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SHLX stock has decreased by 24.5% and is now trading at $9.23.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, October 30th 2020.
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Shell Midstream Partners will be holding an earnings conference call on Friday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Shell Midstream Partners, L.P. (NYSE:SHLX) posted its quarterly earnings results on Friday, July, 31st. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by $0.01. The pipeline company had revenue of $120 million for the quarter, compared to the consensus estimate of $141.97 million. Shell Midstream Partners had a net margin of 102.85% and a negative return on equity of 126.50%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share.
View Shell Midstream Partners' earnings history.

Shell Midstream Partners declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.46 per share on Friday, November 13th. This represents a $1.84 annualized dividend and a yield of 19.93%. The ex-dividend date of this dividend is Monday, November 2nd.
View Shell Midstream Partners' dividend history.

8 equities research analysts have issued 1 year price targets for Shell Midstream Partners' stock. Their forecasts range from $13.00 to $17.00. On average, they expect Shell Midstream Partners' share price to reach $14.25 in the next twelve months. This suggests a possible upside of 54.4% from the stock's current price.
View analysts' price targets for Shell Midstream Partners.

Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), DHT (DHT), OrganiGram (OGI), Washington Prime Group (WPG), New Residential Investment (NRZ), Gran Tierra Energy (GTE) and Pennsylvania Real Estate Investment Trust (PEI).

Shell Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."

Shell Midstream Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (2.38%), Northeast Financial Consultants Inc (0.14%), Spirit of America Management Corp NY (0.10%), Great Valley Advisor Group Inc. (0.03%), Keybank National Association OH (0.01%) and Eagle Global Advisors LLC (0.00%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones and Shawn J Carsten.
View institutional ownership trends for Shell Midstream Partners.

SHLX stock was sold by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, Chickasaw Capital Management LLC, Northeast Financial Consultants Inc, Spirit of America Management Corp NY, Envestnet Asset Management Inc., and Keybank National Association OH.
View insider buying and selling activity for Shell Midstream Partners.

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Great Valley Advisor Group Inc.. Company insiders that have bought Shell Midstream Partners stock in the last two years include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, and Shawn J Carsten.
View insider buying and selling activity for Shell Midstream Partners.

Shares of SHLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SHLX stock can currently be purchased for approximately $9.23.

Shell Midstream Partners has a market capitalization of $3.63 billion and generates $503 million in revenue each year. The pipeline company earns $528 million in net income (profit) each year or $1.67 on an earnings per share basis.

The official website for Shell Midstream Partners is www.shellmidstreampartners.com.

Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The pipeline company can be reached via phone at 832-337-2034 or via email at [email protected]