Are Analysts Bearish Shell Midstream Partners, L.P. (NYSE:SHLX) After Last Week?

May 19, 2018 - By Michael Collier

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

Among 9 analysts covering Shell Midstream (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream had 14 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, March 1 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, April 5 by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Thursday, March 29 with “Equal-Weight”. As per Tuesday, March 13, the company rating was maintained by JP Morgan. As per Friday, March 2, the company rating was maintained by UBS. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Equal-Weight” rating by Barclays Capital on Monday, April 16. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 17. RBC Capital Markets maintained it with “Buy” rating and $36.0 target in Tuesday, January 16 report. On Wednesday, March 28 the stock rating was maintained by Citigroup with “Buy”. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Wednesday, November 29 with “Buy” rating. Below is a list of Shell Midstream Partners, L.P. (NYSE:SHLX) latest ratings and price target changes.

16/05/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $26.0000 Maintain
20/04/2018 Broker: Deutsche Bank Rating: Buy New Target: $26 Initiates Coverage On
16/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $28 New Target: $29 Maintain
05/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $26 New Target: $25 Maintain
29/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $30 New Target: $27 Maintain
28/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $32 New Target: $28.5 Maintain
26/03/2018 Broker: Mizuho Rating: Buy New Target: $30.0000 Maintain
13/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $32 New Target: $31 Maintain
01/03/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $26.0 Maintain
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $38 Maintain

The stock decreased 0.71% or $0.17 during the last trading session, reaching $23.88. About 495,422 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 33.91% since May 19, 2017 and is downtrending. It has underperformed by 45.46% 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 $5.35 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 18.67 P/E ratio. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St.

More important recent Shell Midstream Partners, L.P. (NYSE:SHLX) news were published by: Streetinsider.com which released: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018, also Globenewswire.com published article titled: “Shell Midstream Partners, LP Declares 4.5% Increase in Quarterly Distribution”, Bizjournals.com published: “Shell’s MLP acquires another pipeline stake in $1.22B drop-down, biggest deal yet” on May 10, 2018. More interesting news about Shell Midstream Partners, L.P. (NYSE:SHLX) was released by: Globenewswire.com and their article: “Shell Midstream Partners, LP 1st Quarter 2018 Unaudited Results” with publication date: May 03, 2018.

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

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