Several brokerages have updated their recommendations and price targets on shares of Shell Midstream Partners, L.P. (NYSE: SHLX) in the last few weeks:

  • 10/27/2017 – Shell Midstream Partners, L.P. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/24/2017 – Shell Midstream Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shell Midstream Partners, L.P. engages in owning, operating, developing and acquiring pipelines and other midstream assets. Its initial assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport growing onshore and offshore crude oil production to Gulf Coast refining markets and to deliver refined products from those markets to major demand centers. Shell Midstream Partners, L.P. is based in Houston, Texas. “
  • 10/18/2017 – Shell Midstream Partners, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/12/2017 – Shell Midstream Partners, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shell Midstream Partners, L.P. engages in owning, operating, developing and acquiring pipelines and other midstream assets. Its initial assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport growing onshore and offshore crude oil production to Gulf Coast refining markets and to deliver refined products from those markets to major demand centers. Shell Midstream Partners, L.P. is based in Houston, Texas. “
  • 9/27/2017 – Shell Midstream Partners, L.P. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $41.00 price target on the stock.
  • 9/15/2017 – Shell Midstream Partners, L.P. had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $30.00 price target on the stock.
  • 9/8/2017 – Shell Midstream Partners, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $86.80 million for the quarter, compared to the consensus estimate of $69.55 million. Shell Midstream Partners, L.P. had a net margin of 87.22% and a return on equity of 258.67%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 14th will be given a $0.318 dividend. This is a boost from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. This represents a $1.27 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, October 30th. Shell Midstream Partners, L.P.’s payout ratio is currently 102.42%.

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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