Shell Midstream Partners (SHLX) Scheduled to Post Quarterly Earnings on Thursday

Shell Midstream Partners (NYSE:SHLX) will release its earnings data before the market opens on Thursday, February 21st. Analysts expect Shell Midstream Partners to post earnings of $0.49 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SHLX opened at $18.90 on Thursday. Shell Midstream Partners has a twelve month low of $15.86 and a twelve month high of $26.17. The company has a market cap of $4.33 billion, a PE ratio of 14.77, a P/E/G ratio of 3.23 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Monday, February 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.47%. This is a boost from Shell Midstream Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 1st. Shell Midstream Partners’s payout ratio is presently 125.00%.

Several research firms have recently weighed in on SHLX. Zacks Investment Research cut shares of Shell Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Shell Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, December 27th. Bank of America cut shares of Shell Midstream Partners from a “neutral” rating to an “underperform” rating in a report on Monday, December 10th. Morgan Stanley decreased their price objective on shares of Shell Midstream Partners from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Finally, Royal Bank of Canada cut shares of Shell Midstream Partners from an “outperform” rating to a “sector perform” rating and set a $22.00 price objective for the company. in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.04.

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Shell Midstream Partners Company Profile

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline.

Read More: What is the Difference Between Common Shares and Convertible Shares?

Earnings History for Shell Midstream Partners (NYSE:SHLX)

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