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 2.4 by 5 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Morgan Stanley initiates coverage on Shell Midstream Partners L.P. (NYSE:SHLX) The current rating of the shares is Equal-weight. Equity Analysts at the Firm announces the price target to $39 per share. The rating by the firm was issued on June 16, 2016.
Shell Midstream Partners L.P. (NYSE:SHLX): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $44 in Shell Midstream Partners L.P. (NYSE:SHLX). However, the stock price could fluctuate by $ 6 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $51 price target with the lower price estimate is calculated at $39
Tuesdays trading session turned out to be a no-profit no-loss event for Shell Midstream Partners L.P. (NYSE:SHLX). The opening trade occurred at $32.01 and the highest and the lowest points of the day were $32.24 and $31.61 respectively. The final trade was registered at $32 and the volume by the end of the day had touched 812,975 shares. The 52-week high of the stock is $48.39 and the 52-week low is $25.13. According to the current valuation, the market cap of the company is $5,288 million and the total number of shares available in public circulation is 165,242,440.
Shell Midstream Partners, L.P. has lost 2.47% in the last five trading days and dropped 5.52% in the last 4 weeks. Shell Midstream Partners, L.P. has dropped 5.37% during the last 3-month period . Year-to-Date the stock performance stands at -21.95%.
Shell Midstream Partners, L.P. is a master limited partnership company formed to own, operate, develop and acquire pipelines and other midstream assets. The company own interests in two crude oil pipeline systems and two refined products systems. The crude oil pipeline systems, which are held by Zydeco and Mars Oil Pipeline Company (Mars), are located along the Texas and Louisiana Gulf Coast and in the Gulf of Mexico. These systems link onshore and offshore production areas with refining markets. The refined products pipeline systems, which are held by Bengal Pipeline Company LLC (Bengal) and Colonial Pipeline Company (Colonial), connect Gulf Coast and southeastern United States refineries to demand centers from Alabama to New York.