Shell Midstream Partners Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shell Midstream Partners stock. 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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Wall Street analysts have given Shell Midstream Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shell Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Shell Midstream Partners saw a drop in short interest in the month of January. As of January 29th, there was short interest totaling 4,020,000 shares, a drop of 19.9% from the January 14th total of 5,020,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.4% of the shares of the stock are sold short.
View Shell Midstream Partners' Short Interest.

Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Shell Midstream Partners.

Shell Midstream Partners, L.P. (NYSE:SHLX) issued its earnings results on Thursday, February, 18th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.04. The pipeline company had revenue of $130 million for the quarter, compared to analyst estimates of $118.22 million. Shell Midstream Partners had a net margin of 104.82% and a negative trailing twelve-month return on equity of 1,010.10%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS.
View Shell Midstream Partners' earnings history.

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHLX stock has decreased by 10.4% and is now trading at $10.95.
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Shell Midstream Partners announced a quarterly dividend on Thursday, January 21st. Shareholders of record on Tuesday, February 2nd will be given a dividend of $0.46 per share on Friday, February 12th. This represents a $1.84 dividend on an annualized basis and a yield of 16.80%. The ex-dividend date is Monday, February 1st.
View Shell Midstream Partners' dividend history.

Shell Midstream Partners pays an annual dividend of $1.84 per share and currently has a dividend yield of 16.30%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Shell Midstream Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Shell Midstream Partners is 110.18%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Shell Midstream Partners will have a dividend payout ratio of 124.32% in the coming year. This indicates that Shell Midstream Partners may not be able to sustain their current dividend.
View Shell Midstream Partners' dividend history.

8 equities research analysts have issued twelve-month price targets for Shell Midstream Partners' shares. Their forecasts range from $11.00 to $17.00. On average, they anticipate Shell Midstream Partners' stock price to reach $13.38 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
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Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Plains All American Pipeline (PAA), Phillips 66 Partners (PSXP), NuStar Energy (NS), Holly Energy Partners (HEP), Plains GP (PAGP), Noble Midstream Partners (NBLX), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all of SHLX's competitors.

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 many different institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (2.38%), JPMorgan Chase & Co. (1.68%), Wells Fargo & Company MN (0.94%), Morgan Stanley (0.91%), Kayne Anderson Capital Advisors LP (0.87%) and Clearbridge Investments LLC (0.41%). 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 Morgan Stanley, Citigroup Inc., Kayne Anderson Capital Advisors LP, Barclays PLC, Spirit of America Management Corp NY, Wells Fargo & Company MN, Miller Howard Investments Inc. NY, and NBW Capital LLC.
View insider buying and selling activity for Shell Midstream Partners or view top insider-selling stocks.

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Infrastructure Capital Advisors LLC, First Trust Advisors LP, JPMorgan Chase & Co., Virtus ETF Advisers LLC, Arrow Investment Advisors LLC, Great Valley Advisor Group Inc., Lucas Capital Management, and Cerity Partners LLC. 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 or or view top insider-buying stocks.

Shares of SHLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHLX stock can currently be purchased for approximately $10.95.

Shell Midstream Partners has a market capitalization of $4.31 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 is headquartered at 150 N. DAIRY ASHFORD, HOUSTON TX, 77079.

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]