Shell Midstream Partners, L.P. (SHLX) Given Media Impact Rating of 0.15
News headlines about Shell Midstream Partners, L.P. (NYSE:SHLX) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shell Midstream Partners, L.P. earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 45.8334162854493 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Shell Midstream Partners, L.P. (SHLX) Rating Increased to Sell at BidaskClub (americanbankingnews.com)
- Shell Midstream Partners LP : KMG Nominates Margaret Montana to Board of Directors (4-traders.com)
- Can Shell Midstream Partners LP (SHLX) Thread the Needle? Technical Update – Sparta Review (spartareview.com)
- Shell Midstream Partners LP (SHLX) Ends Recent Session Above PSAR – Financial News Review (finnewsreview.com)
Shell Midstream Partners, L.P. (SHLX) remained flat at $26.87 on Monday. 223,001 shares of the company traded hands. The company has a market capitalization of $4.77 billion, a P/E ratio of 21.79 and a beta of 1.17. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $30.58. Shell Midstream Partners, L.P. has a 52 week low of $25.42 and a 52 week high of $34.17.
Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $86.80 million during the quarter, compared to the consensus estimate of $69.55 million. Shell Midstream Partners, L.P. had a return on equity of 258.67% and a net margin of 87.22%. Shell Midstream Partners, L.P.’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. Analysts anticipate that Shell Midstream Partners, L.P. will post $1.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.3041 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.22 dividend on an annualized basis and a yield of 4.53%. Shell Midstream Partners, L.P.’s dividend payout ratio (DPR) is 98.39%.
SHLX has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 target price on shares of Shell Midstream Partners, L.P. in a research note on Friday, July 14th. BidaskClub downgraded shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Shell Midstream Partners, L.P. in a research note on Monday, August 21st. Finally, Zacks Investment Research raised shares of Shell Midstream Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $37.83.
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Shell Midstream Partners, L.P. Company Profile
Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.
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