Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Shell Midstream Partners (SHLX) Share Price

Press coverage about Shell Midstream Partners (NYSE:SHLX) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing 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 nearest to one being the most favorable. Shell Midstream Partners earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.4134399167009 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Several research firms have recently issued reports on SHLX. BidaskClub upgraded Shell Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price on shares of Shell Midstream Partners in a research report on Friday, September 15th. Royal Bank of Canada restated a “buy” rating and set a $41.00 target price on shares of Shell Midstream Partners in a research report on Wednesday, September 27th. Zacks Investment Research lowered Shell Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Barclays decreased their target price on Shell Midstream Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Shell Midstream Partners presently has a consensus rating of “Buy” and a consensus target price of $34.50.

Shares of Shell Midstream Partners (NYSE:SHLX) traded up $0.49 on Friday, hitting $29.26. The company had a trading volume of 374,719 shares, compared to its average volume of 551,107. The company has a debt-to-equity ratio of 42.36, a current ratio of 3.36 and a quick ratio of 3.36. Shell Midstream Partners has a 1-year low of $24.68 and a 1-year high of $34.17. The firm has a market cap of $5,402.50, a price-to-earnings ratio of 23.04, a PEG ratio of 1.75 and a beta of 1.15.

Shell Midstream Partners (NYSE:SHLX) last issued its quarterly earnings data on Friday, November 3rd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.05). Shell Midstream Partners had a net margin of 85.14% and a return on equity of 3,826.80%. The business had revenue of $94.40 million during the quarter, compared to analyst estimates of $86.36 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Shell Midstream Partners’s revenue for the quarter was up 39.0% compared to the same quarter last year. research analysts anticipate that Shell Midstream Partners will post 1.27 EPS for the current fiscal year.

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Shell Midstream Partners 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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