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NYSE:SHLXShell Midstream Partners Stock Price, Forecast & News

$14.54
+0.23 (+1.61 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$14.10
Now: $14.54
$14.60
50-Day Range
$10.51
MA: $12.91
$15.25
52-Week Range
$5.70
Now: $14.54
$22.70
Volume349,125 shs
Average Volume1.21 million shs
Market Capitalization$5.72 billion
P/E Ratio9.32
Dividend Yield12.86%
Beta1.81
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. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.32 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$503 million
Cash Flow$2.15 per share
Book Value($3.21) per share

Profitability

Net Income$528 million

Miscellaneous

EmployeesN/A
Market Cap$5.72 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

How has Shell Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

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 increased by 19.0% and is now trading at $14.54. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Shell Midstream Partners?

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.

When is Shell Midstream Partners' next earnings date?

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.

How were Shell Midstream Partners' earnings last quarter?

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

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

Shell Midstream Partners declared a quarterly dividend on Friday, April 24th. Investors of record on Tuesday, May 5th will be given a dividend of $0.46 per share on Friday, May 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 12.65%. The ex-dividend date is Monday, May 4th. View Shell Midstream Partners' dividend history.

What price target have analysts set for SHLX?

9 brokers have issued twelve-month price targets for Shell Midstream Partners' stock. Their forecasts range from $13.00 to $22.00. On average, they anticipate Shell Midstream Partners' stock price to reach $16.22 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View analysts' price targets for Shell Midstream Partners.

Has Shell Midstream Partners been receiving favorable news coverage?

News coverage about SHLX stock has been trending extremely negative on Friday, InfoTrie reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shell Midstream Partners earned a news sentiment score of -5.0 on InfoTrie's scale. They also assigned news coverage about the pipeline company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutShell Midstream Partners.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,170,000 shares, an increase of 5.3% from the April 15th total of 3,010,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.4% of the company's shares 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?

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).

Who are Shell Midstream Partners' key executives?

Shell Midstream Partners' management team includes the following 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)

What is Shell Midstream Partners' stock symbol?

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

Who are Shell Midstream Partners' major shareholders?

Shell Midstream Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (7.83%), Alps Advisors Inc. (6.87%), Kayne Anderson Capital Advisors LP (3.17%), Chickasaw Capital Management LLC (2.84%), Invesco Ltd. (1.94%) and JPMorgan Chase & Co. (1.43%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier, Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones and Shawn J Carsten. View institutional ownership trends for Shell Midstream Partners.

Which major investors are selling Shell Midstream Partners stock?

SHLX stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, UBS Group AG, Bleichroeder LP, Northwestern Mutual Investment Management Company LLC, Morgan Stanley, Morgan Stanley, and Clearbridge Investments LLC. View insider buying and selling activity for Shell Midstream Partners.

Which major investors are buying Shell Midstream Partners stock?

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Chickasaw Capital Management LLC, Alps Advisors Inc., Harvest Fund Advisors LLC, JPMorgan Chase & Co., Eagle Global Advisors LLC, Citigroup Inc., and Tiedemann Advisors LLC. Company insiders that have bought Shell Midstream Partners stock in the last two years include Curtis R Frasier, Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, and Shawn J Carsten. View insider buying and selling activity 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 $14.54.

How big of a company is Shell Midstream Partners?

Shell Midstream Partners has a market capitalization of $5.72 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.

What is Shell Midstream Partners' official website?

The official website for Shell Midstream Partners is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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