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NYSE:SHLX - Shell Midstream Partners Stock Price, Forecast & News

$18.43
-0.08 (-0.43 %)
(As of 02/23/2020 04:00 PM ET)
Today's Range
$18.11
Now: $18.43
$18.68
50-Day Range
$18.51
MA: $20.79
$22.70
52-Week Range
$17.56
Now: $18.43
$22.70
Volume1.48 million shs
Average Volume717,958 shs
Market Capitalization$4.30 billion
P/E Ratio11.04
Dividend Yield9.94%
Beta1.07
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$503 million
Cash Flow$2.35 per share
Book Value($1.15) per share

Profitability

Net Income$464.10 million

Miscellaneous

EmployeesN/A
Market Cap$4.30 billion
Next Earnings Date5/7/2020 (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 declared a quarterly dividend on Friday, January 24th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.46 per share on Friday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Shell Midstream Partners's previous quarterly dividend of $0.45. View Shell Midstream Partners' Dividend History.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners LP (NYSE:SHLX) announced its earnings results on Thursday, February, 20th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.06. The pipeline company had revenue of $126 million for the quarter, compared to analyst estimates of $121.47 million. Shell Midstream Partners had a negative return on equity of 79.98% and a net margin of 94.24%. The firm's quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. 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, May 7th 2020. View Earnings Estimates for Shell Midstream Partners.

What price target have analysts set for SHLX?

6 equities research analysts have issued 1 year price targets for Shell Midstream Partners' shares. Their forecasts range from $17.00 to $22.00. On average, they expect Shell Midstream Partners' share price to reach $20.17 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price. View Analyst Price Targets for Shell Midstream Partners.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 sell ratings, 1 hold rating 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?

News articles about SHLX stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shell Midstream Partners earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Shell Midstream Partners.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,220,000 shares, a drop of 14.9% from the January 15th total of 2,610,000 shares. Based on an average daily volume of 805,500 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.8% of the shares of the company are sold short. 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), IBM (IBM), Mplx (MPLX), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Verizon Communications (VZ), Chatham Lodging Trust (CLDT) and Kinder Morgan (KMI).

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 Tortoise Capital Advisors L.L.C. (9.12%), Tortoise Capital Advisors L.L.C. (9.12%), Alps Advisors Inc. (6.36%), Kayne Anderson Capital Advisors LP (4.18%), Goldman Sachs Group Inc. (3.43%) and Chickasaw Capital Management LLC (2.21%). 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 Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Goldman Sachs Group Inc., CIBC Private Wealth Group LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, UBS Group AG, Kayne Anderson Capital Advisors LP and Chickasaw Capital Management LLC. 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 Eagle Global Advisors LLC, Bank of Montreal Can, Adams Asset Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, California Public Employees Retirement System, Teacher Retirement System of Texas and Virtus ETF Advisers LLC. 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 $18.43.

How big of a company is Shell Midstream Partners?

Shell Midstream Partners has a market capitalization of $4.30 billion and generates $503 million in revenue each year. The pipeline company earns $464.10 million in net income (profit) each year or $1.67 on an earnings per share basis. 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:  219 (Vote Outperform)
Underperform Votes:  294 (Vote Underperform)
Total Votes:  513
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 2/23/2020 by MarketBeat.com Staff

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