Analysts at Barclays Didn’t Change their Past ‘”Equal-Weight”’ rating on Shares Shell Midstream Partners (NYSE:SHLX), Set a $29 PT

April 17, 2018 - By Maria Brooks

Shell Midstream Partners (NYSE:SHLX) Rating Reaffirmed

Research professionals at Barclays now has a $29 PT on Shell Midstream Partners (NYSE:SHLX). Barclays and their recent PT suggests a potential upside of 28.38 % from the company’s previous stock close. The rating has been shown in analysts note on Monday, 16 April.

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 firm earned “Buy” rating on Friday, November 17 by UBS. On Tuesday, March 13 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Wednesday, November 29 by Stifel Nicolaus. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The company was downgraded on Wednesday, January 17 by Stifel Nicolaus. The firm has “Buy” rating by UBS given on Friday, March 2. As per Monday, November 6, the company rating was maintained by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, April 16. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, March 29 report. The firm has “Buy” rating given on Thursday, October 19 by RBC Capital Markets.

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 EPS, down 30.30 % or $0.10 from last year’s $0.33 per share. SHLX’s profit will be $51.48M for 24.55 P/E if the $0.23 EPS becomes a reality. After $0.35 actual EPS 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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