StockNews.com initiated coverage on shares of Shell Midstream Partners (NYSE:SHLX – Get Rating) in a research note published on Monday morning. The firm issued a hold rating on the pipeline company’s stock.
Separately, Mizuho boosted their price objective on shares of Shell Midstream Partners from $14.00 to $16.00 and gave the company a neutral rating in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Shell Midstream Partners currently has a consensus rating of Hold and a consensus target price of $13.75.
Shell Midstream Partners Stock Performance
Shares of SHLX stock opened at $15.82 on Monday. 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 firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.07 and a beta of 1.24. Shell Midstream Partners has a one year low of $10.76 and a one year high of $16.08. The company has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.16.
Institutional Investors Weigh In On Shell Midstream Partners
Shell Midstream Partners Company Profile
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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