28.38 % to Target, Barclays Reaffirms ‘Equal-Weight’ Rating on Shell Midstream Partners (NYSE:SHLX) Shares Today

April 17, 2018 - By Linda Rogers

Shell Midstream Partners (NYSE:SHLX) Rating Reaffirmed

The financial company has just set a TP of $29 on Shell Midstream Partners (NYSE:SHLX) shares. This is 28.38 % from the last price. In an analyst report revealed on Monday morning, Barclays kept their Equal-Weight rating on shares of SHLX.

Shell Midstream Partners, L.P. (NYSE:SHLX) Ratings Coverage

Among 8 analysts covering Shell Midstream (NYSE:SHLX), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Shell Midstream has $40 highest and $25 lowest target. $30.56’s average target is 35.28% above currents $22.59 stock price. Shell Midstream had 17 analyst reports since October 19, 2017 according to SRatingsIntel. The company was maintained on Wednesday, November 29 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, January 17. As per Monday, April 16, the company rating was maintained by Barclays Capital. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Wednesday, March 28 by Citigroup. As per Tuesday, March 13, the company rating was maintained by JP Morgan. The stock has “Buy” rating by UBS on Friday, March 2. The rating was maintained by Barclays Capital on Monday, November 6 with “Equal-Weight”. The stock has “Hold” rating by Stifel Nicolaus on Thursday, March 1. The firm earned “Buy” rating on Thursday, October 19 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, April 5 by Stifel Nicolaus.

The stock increased 3.96% or $0.86 during the last trading session, reaching $22.59. About 786,794 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 33.91% since April 17, 2017 and is downtrending. It has underperformed by 45.46% the S&P500.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on May, 4. They expect $0.23 earnings per share, down 30.30 % or $0.10 from last year’s $0.33 per share. SHLX’s profit will be $51.48 million for 24.55 P/E if the $0.23 EPS becomes a reality. After $0.35 actual earnings per share reported by Shell Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -34.29 % negative EPS growth.

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. The company has market cap of $5.06 billion. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system to Texas and Louisiana; a 174-mile offshore Gulf of Mexico corridor pipeline that transports medium sour crude from producers in eastern Garden Bank and Keathley Canyon blocks; and Odyssey pipeline system covering approximately 106-miles, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. It has a 17.66 P/E ratio. The firm also has interests in a 367-mile Gulf of Mexico offshore pipeline that transports crude oil to Texas and Louisiana; a 71-mile crude oil pipeline that provides transportation for various oil producers in the eastern Gulf of Mexico; and Endymion pipeline system, an 89-mile crude oil pipeline that offers transportation for various oil producers in the eastern Gulf of Mexico.

Shell Midstream Partners, L.P. (NYSE:SHLX) Ratings Chart

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