Were Analysts Bearish Shell Midstream Partners, L.P. (NYSE:SHLX) This Week?

December 14, 2017 - By Marguerite Chambers

 Were Analysts Bearish Shell Midstream Partners, L.P. (NYSE:SHLX) This Week?

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

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Shell Midstream Partners had 22 analyst reports since July 2, 2015 according to SRatingsIntel. Morgan Stanley initiated Shell Midstream Partners, L.P. (NYSE:SHLX) on Thursday, June 16 with “Equal-Weight” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, September 25. UBS maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Friday, November 17. UBS has “Buy” rating and $40 target. RBC Capital Markets maintained it with “Outperform” rating and $41 target in Wednesday, November 9 report. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, November 17. Stifel Nicolaus initiated the stock with “Buy” rating in Thursday, August 18 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 13. As per Friday, November 17, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating given on Thursday, July 2 by Barclays Capital. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Thursday, September 14 with “Buy” rating. Below is a list of Shell Midstream Partners, L.P. (NYSE:SHLX) latest ratings and price target changes.

29/11/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $30.0 Maintain
20/11/2017 Broker: Citigroup Rating: Buy New Target: $32.0
17/11/2017 Broker: UBS Rating: Buy Old Target: $43 New Target: $40 Maintain
17/11/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $30 New Target: $29 Maintain
17/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $31 New Target: $30 Maintain
06/11/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $32 New Target: $30 Maintain
19/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $35.0 Maintain
25/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $41.0 Maintain
14/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $30.0 Maintain
20/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $41.0 Maintain

The stock increased 1.69% or $0.47 during the last trading session, reaching $28.3. About 701,017 shares traded or 73.36% up from the average. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since December 14, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.

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 $5.31 billion. The firm owns interests in four crude oil pipeline systems and two refined products pipeline systems, as well as a crude tank storage and terminal system. It has a 22.41 P/E ratio. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St.

More notable recent Shell Midstream Partners, L.P. (NYSE:SHLX) news were published by: Seekingalpha.com which released: “Why Shell Midstream Partners Is A Buy” on August 20, 2017, also Streetinsider.com with their article: “Shell Midstream Partners, LP (SHLX) PT Raised to $30 at Stifel Following Royal …” published on November 29, 2017, Globenewswire.com published: “Shell Midstream Partners, LP Hurricane Harvey Operational Update” on September 07, 2017. More interesting news about Shell Midstream Partners, L.P. (NYSE:SHLX) were released by: Seekingalpha.com and their article: “Shell Midstream Partners’ (SHLX) CEO John Hollowell on Q2 2017 Results …” published on August 03, 2017 as well as Seekingalpha.com‘s news article titled: “Shell Midstream: Institutions Are Buying, Should You?” with publication date: December 04, 2017.

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