Shell Midstream Partners - SHLX Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHLX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHLX, but not buy additional shares or sell existing shares.
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5 analysts have issued 12 month price targets for Shell Midstream Partners' stock. Their SHLX share price forecasts range from $13.00 to $16.00. On average, they expect the company's share price to reach $13.75 in the next year. This suggests that the stock has a possible downside of 13.1%.
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Shell Midstream Partners, L.P. (NYSE:SHLX) announced its earnings results on Thursday, October, 28th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.07. The pipeline company earned $128 million during the quarter, compared to the consensus estimate of $133.82 million. Shell Midstream Partners had a net margin of 97.11% and a trailing twelve-month return on equity of 98.64%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share.

Shell Midstream Partners announced a quarterly dividend on Friday, July 22nd. Stockholders of record on Tuesday, August 2nd will be paid a dividend of $0.30 per share on Friday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Monday, August 1st.
Read our dividend analysis for SHLX.

Shell Midstream Partners (NYSE:SHLX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.59%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SHLX will have a dividend payout ratio of 76.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SHLX.

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 retail and institutional investors. Top institutional investors include UBS Group AG (1.52%), Chickasaw Capital Management LLC (0.93%), ING Groep NV (0.93%), Bank of Montreal Can (0.30%), First Trust Capital Management L.P. (0.24%) and Blackstone Inc. (0.19%). Insiders that own company stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, Sean Guillory, Shawn J Carsten and Steven Ledbetter.
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One share of SHLX stock can currently be purchased for approximately $15.82.

Shell Midstream Partners (NYSE:SHLX) has a market capitalization of $6.22 billion and generates $556 million in revenue each year. The pipeline company earns $556 million in net income (profit) each year or $1.21 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The official website for the company is www.shellmidstreampartners.com. The pipeline company can be reached via phone at (832) 337-2034 or via email at ir-shlx@shell.com.