Shell Midstream Partners (SHLX) Earns Daily Media Impact Rating of 0.08

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:

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.

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

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.

COPYRIGHT VIOLATION NOTICE: “Shell Midstream Partners (SHLX) Earns Daily Media Impact Rating of 0.08” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/08/shell-midstream-partners-shlx-earns-daily-media-impact-rating-of-0-08.html.

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.

Insider Buying and Selling by Quarter for Shell Midstream Partners (NYSE:SHLX)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit