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Shell Midstream Partners Stock Price, Forecast & Analysis (NYSE:SHLX)

$19.94
-0.43 (-2.11 %)
(As of 11/11/2019 04:00 PM ET)
Today's Range
$19.84
Now: $19.94
$20.30
50-Day Range
$20.04
MA: $20.61
$21.15
52-Week Range
$15.86
Now: $19.94
$21.99
Volume481,484 shs
Average Volume735,218 shs
Market Capitalization$4.65 billion
P/E Ratio11.69
Dividend Yield8.74%
Beta1.06
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Read More…

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone832-337-2034

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$524.70 million
Cash Flow$2.30 per share
Book Value($3.24) per share

Profitability

Net Income$464.10 million

Miscellaneous

EmployeesN/A
Market Cap$4.65 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

What is Shell Midstream Partners' stock symbol?

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

How often does Shell Midstream Partners pay dividends? What is the dividend yield for Shell Midstream Partners?

Shell Midstream Partners announced a quarterly dividend on Thursday, October 24th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.445 per share on Thursday, November 14th. This represents a $1.78 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from Shell Midstream Partners's previous quarterly dividend of $0.43. View Shell Midstream Partners' Dividend History.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners LP (NYSE:SHLX) announced its quarterly earnings data on Thursday, October, 31st. The pipeline company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. The pipeline company had revenue of $125 million for the quarter, compared to analyst estimates of $116.18 million. Shell Midstream Partners had a net margin of 101.89% and a negative return on equity of 104.00%. The firm's revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. View Shell Midstream Partners' Earnings History.

When is Shell Midstream Partners' next earnings date?

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Shell Midstream Partners.

What price target have analysts set for SHLX?

7 brokerages have issued twelve-month price objectives for Shell Midstream Partners' shares. Their forecasts range from $17.00 to $25.00. On average, they anticipate Shell Midstream Partners' stock price to reach $21.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Shell Midstream Partners.

What is the consensus analysts' recommendation for Shell Midstream Partners?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shell Midstream Partners.

Has Shell Midstream Partners been receiving favorable news coverage?

Press coverage about SHLX stock has trended very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shell Midstream Partners earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Shell Midstream Partners.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a decline in short interest in October. As of October 31st, there was short interest totalling 4,600,000 shares, a decline of 15.3% from the September 30th total of 5,430,000 shares. Based on an average daily volume of 813,800 shares, the days-to-cover ratio is currently 5.7 days. Currently, 3.7% of the company's stock are short sold. View Shell Midstream Partners' Current Options Chain.

Who are some of Shell Midstream Partners' key competitors?

What other stocks do shareholders of Shell Midstream Partners own?

Who are Shell Midstream Partners' key executives?

Shell Midstream Partners' management team includes the folowing people:
  • Mr. Kevin M. Nichols, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 51)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 52)
  • Mr. Alton G. Smith, VP of Operations at Shell Midstream Partners GP LLC (Age 58)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 54)
  • Mr. Steven C. Ledbetter, VP of Commercial - Shell Midstream Partners GP LLC (Age 43)

Who are Shell Midstream Partners' major shareholders?

Shell Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (6.39%), Kayne Anderson Capital Advisors LP (4.28%), Chickasaw Capital Management LLC (2.30%), CIBC Private Wealth Group LLC (0.54%), Miller Howard Investments Inc. NY (0.45%) and Spirit of America Management Corp NY (0.28%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier and Shawn J Carsten. View Institutional Ownership Trends for Shell Midstream Partners.

Which institutional investors are selling Shell Midstream Partners stock?

SHLX stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Kayne Anderson Capital Advisors LP, Miller Howard Investments Inc. NY, Chickasaw Capital Management LLC, Conning Inc., NBW Capital LLC, California Public Employees Retirement System and A. D. Beadell Investment Counsel Inc.. View Insider Buying and Selling for Shell Midstream Partners.

Which institutional investors are buying Shell Midstream Partners stock?

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Tiedemann Advisors LLC, BBVA USA Bancshares Inc., American Assets Investment Management LLC, Cincinnati Insurance Co., Cadence Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc. and Tower Research Capital LLC TRC . Company insiders that have bought Shell Midstream Partners stock in the last two years include Curtis R Frasier and Shawn J Carsten. View Insider Buying and Selling for Shell Midstream Partners.

How do I buy shares of 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.

What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $19.94.

How big of a company is Shell Midstream Partners?

Shell Midstream Partners has a market capitalization of $4.65 billion and generates $524.70 million in revenue each year. View Additional Information About Shell Midstream Partners.

What is Shell Midstream Partners' official website?

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

How can I contact Shell Midstream Partners?

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]


MarketBeat Community Rating for Shell Midstream Partners (NYSE SHLX)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  490
MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners and other stocks. Vote "Outperform" if you believe SHLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/11/2019 by MarketBeat.com Staff

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