NYSE:SHLXShell Midstream Partners Stock Price, Forecast & News

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SHLX shares have decreased by 10.7% and is now trading at $10.91. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shell Midstream Partners.

Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Shell Midstream Partners.

Shell Midstream Partners LP (NYSE:SHLX) posted its earnings results on Thursday, May, 7th. The pipeline company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.12. The pipeline company had revenue of $121 million for the quarter, compared to the consensus estimate of $125.29 million. Shell Midstream Partners had a net margin of 97.36% and a negative return on equity of 63.01%. The company's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. View Shell Midstream Partners' earnings history.

Shell Midstream Partners declared a quarterly dividend on Friday, April 24th. Stockholders of record on Tuesday, May 5th will be paid a dividend of $0.46 per share on Friday, May 15th. This represents a $1.84 annualized dividend and a dividend yield of 16.87%. The ex-dividend date of this dividend is Monday, May 4th. View Shell Midstream Partners' dividend history.

9 Wall Street analysts have issued 1-year target prices for Shell Midstream Partners' shares. Their forecasts range from $13.00 to $22.00. On average, they expect Shell Midstream Partners' share price to reach $16.00 in the next year. This suggests a possible upside of 46.7% from the stock's current price. View analysts' price targets for Shell Midstream Partners.

News headlines about SHLX stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shell Midstream Partners earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Shell Midstream Partners.

Shell Midstream Partners saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,790,000 shares, a decrease of 6.9% from the June 15th total of 4,070,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.1% of the company's shares are short sold. View Shell Midstream Partners' Current Options Chain.

Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Exxon Mobil (XOM), Kinder Morgan (KMI), Verizon Communications (VZ), Chatham Lodging Trust (CLDT) and IBM (IBM).

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

Shell Midstream Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Spirit of America Management Corp NY (0.11%), Groesbeck Investment Management Corp NJ (0.01%), Envestnet Asset Management Inc. (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Diversified Trust Co (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 Spirit of America Management Corp NY, and Envestnet Asset Management Inc.. View insider buying and selling activity for Shell Midstream Partners.

SHLX stock was purchased by a variety of institutional investors in the last quarter, including Groesbeck Investment Management Corp NJ, Nelson Van Denburg & Campbell Wealth Management Group LLC, and Diversified Trust Co. 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 $10.91.

Shell Midstream Partners has a market capitalization of $4.29 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]