Shell Midstream Partners, L.P. (SHLX) Stock Price Hits All-Time Low Today

February 25, 2018 - By Louis Casey

The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) reached all time low today, Feb, 25 and still has $22.54 target or 7.00 % below today’s $24.24 share price. This indicates more downside for the $5.43 billion company. This technical setup was reported by Barchart.com. If the $22.54 PT is reached, the company will be worth $379.75 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock increased 0.79% or $0.19 during the last trading session, reaching $24.24. About 1.61M shares traded or 88.25% up from the average. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since February 25, 2017 and is downtrending. It has underperformed by 22.59% the S&P500.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on February, 27 before the open. They expect $0.32 EPS, down 5.88 % or $0.02 from last year’s $0.34 per share. SHLX’s profit will be $71.62M for 18.94 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Shell Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 3.23 % EPS growth.

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

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream Partners had 24 analyst reports since July 2, 2015 according to SRatingsIntel. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Equal Weight” rating by Barclays Capital on Thursday, November 10. The company was maintained on Friday, November 17 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. On Thursday, June 16 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. On Monday, November 6 the stock rating was maintained by Barclays Capital with “Equal-Weight”. On Thursday, October 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Overweight” rating given on Wednesday, February 1 by JP Morgan. The rating was maintained by RBC Capital Markets on Monday, September 25 with “Buy”. Stifel Nicolaus initiated Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Thursday, August 18. Stifel Nicolaus has “Buy” rating and $35 target. On Friday, November 17 the stock rating was maintained by UBS with “Buy”.

More news for Shell Midstream Partners, L.P. (NYSE:SHLX) were recently published by: Globenewswire.com, which released: “Shell Midstream Partners, LP Announces Sale of $980 Million of Common Units” on February 02, 2018. Seekingalpha.com‘s article titled: “Shell Midstream: Shareholders Slammed With Dilution” and published on February 05, 2018 is yet another important article.

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 $5.43 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 19.19 P/E ratio. The Company’s crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St.

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