Impact of Brokerage Rating on Shell Midstream Partners, L.P.(SHLX)

Many Shell Midstream Partners, L.P.(SHLX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Shell Midstream Partners LP was Initiated by JP Morgan to Overweight on Feb 1, 2017.

Company has reported several Insider transactions to the SEC, on Nov 15, 2016, Lori M Muratta (officer ) purchased 960 shares at 25.99 per share price.On Nov 15, 2016, Margaret C Montana (director) purchased 4,000 shares at 25.95 per share price.On Feb 25, 2016, Michele F Joy (officer ) purchased 37 shares at 36.90 per share price.

Shell Midstream Partners LP Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.09. Analyst had a consensus of $0.37. The company had revenue of $67.90 million for the quarter, compared to analysts expectations of $78.42 million. The companys revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

Shell Midstream Partners, L.P. (NYSE:SHLX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.13 by 8 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Shell Midstream Partners, L.P. (NYSE:SHLX): The stock price is expected to reach $ 34.71 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $41 while the lower estimate is at $29. The standard deviation of the price stands at $4.35.

Shell Midstream Partners, L.P. (NYSE:SHLX) rose 1.83% or 0.59 points on Tuesday and made its way into the gainers of the day. After trading began at $32.17 the stock was seen hitting $32.94 as a peak level and $32.1 as the lowest level. The stock ended up at $32.77. The daily volume was measured at 971,927 shares. The 52-week high of the share price is $38.49 and the 52-week low is $25.42. The company has a market cap of $5,811 million.

Shell Midstream Partners, L.P. engages in owning, operating, developing and acquiring pipelines and other midstream assets. Its initial assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport growing onshore and offshore crude oil production to Gulf Coast refining markets and to deliver refined products from those markets to major demand centers. Shell Midstream Partners, L.P. is based in Houston, Texas.

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