News coverage about Shell Midstream Partners (NYSE:SHLX) has trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shell Midstream Partners earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.3486457958227 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- First Week of SHLX February 16th Options Trading – Nasdaq (nasdaq.com)
- Shell Midstream Partners LP (SHLX) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- 6 Stocks Moving In Tuesday’s After-Hours Session – Benzinga (benzinga.com)
- Shell Midstream Partners, LP (SHLX) At $29.82 Forms Bottom; Starbucks (SBUX) Had 26 Bulls – Promma News (prommanews.com)
Shell Midstream Partners (NYSE SHLX) traded up $0.36 during mid-day trading on Monday, reaching $30.45. 795,137 shares of the company were exchanged, compared to its average volume of 522,495. The firm has a market cap of $5,720.00, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. Shell Midstream Partners has a twelve month low of $24.68 and a twelve month high of $34.17. The company has a debt-to-equity ratio of 42.36, a quick ratio of 3.36 and a current ratio of 3.36.
A number of brokerages have recently weighed in on SHLX. Barclays cut their price target on shares of Shell Midstream Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 6th. Stifel Nicolaus set a $30.00 price target on shares of Shell Midstream Partners and gave the stock a “buy” rating in a report on Thursday, November 30th. UBS Group cut their price target on shares of Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, November 17th. Morgan Stanley cut their price target on shares of Shell Midstream Partners from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, BidaskClub downgraded shares of Shell Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.50.
About Shell Midstream Partners
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.
Receive News & Ratings for Shell Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.