Shell Midstream Partners (NYSE:SHLX – Get Rating) had its price objective increased by investment analysts at Mizuho from $14.00 to $16.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the pipeline company's stock. Mizuho's target price would suggest a potential upside of 1.20% from the company's previous close.
Shell Midstream Partners Price Performance
Shares of SHLX stock traded up $0.01 on Monday, reaching $15.81. 25,614 shares of the company's stock traded hands, compared to its average volume of 3,221,844. Shell Midstream Partners has a 12-month low of $10.76 and a 12-month high of $16.08. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.18 and a current ratio of 1.18. The business's 50 day moving average price is $14.44 and its two-hundred day moving average price is $14.00.
Get Shell Midstream Partners alerts:Shell Midstream Partners (NYSE:SHLX – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). Shell Midstream Partners had a net margin of 97.11% and a return on equity of 98.64%. The business had revenue of $149.00 million for the quarter, compared to analysts' expectations of $132.81 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that Shell Midstream Partners will post 1.52 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Ahrens Investment Partners LLC acquired a new stake in shares of Shell Midstream Partners in the second quarter worth about $42,000. Selective Wealth Management Inc. acquired a new stake in shares of Shell Midstream Partners in the first quarter worth about $43,000. Cypress Capital Management LLC WY acquired a new stake in shares of Shell Midstream Partners in the second quarter worth about $58,000. FNY Investment Advisers LLC acquired a new stake in shares of Shell Midstream Partners in the second quarter worth about $70,000. Finally, Hexagon Capital Partners LLC acquired a new stake in shares of Shell Midstream Partners in the first quarter worth about $94,000. Hedge funds and other institutional investors own 17.63% of the company's stock.Shell Midstream Partners Company Profile
(Get Rating)
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.
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