Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Shell Midstream Partners, L.P. (SHLX) Share Price
News headlines about Shell Midstream Partners, L.P. (NYSE:SHLX) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shell Midstream Partners, L.P. earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.7869295244886 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Shell Midstream Partners, L.P. (SHLX) versus Its Peers Head-To-Head Comparison (americanbankingnews.com)
- Critical Analysis: Shell Midstream Partners, L.P. (SHLX) vs. Its Rivals (americanbankingnews.com)
- Shell Midstream Partners LP (SHLX) Downgraded by BidaskClub (americanbankingnews.com)
- Insider Ownership Update: Shell Midstream Partners, LP (NYSE:SHLX) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Shares of SHLX Now Oversold (nasdaq.com)
Shell Midstream Partners, L.P. (NYSE:SHLX) last announced its earnings results 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 company had revenue of $86.80 million for the quarter, compared to analysts’ expectations of $69.55 million. Shell Midstream Partners, L.P. had a return on equity of 258.67% and a net margin of 87.22%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 5.01%. The ex-dividend date is Monday, October 30th. This is a positive change from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. Shell Midstream Partners, L.P.’s dividend payout ratio (DPR) is 102.42%.
A number of analysts have recently weighed in on SHLX shares. BidaskClub upgraded shares of Shell Midstream Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 target price on shares of Shell Midstream Partners, L.P. in a report on Friday, September 15th. Zacks Investment Research downgraded shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of Shell Midstream Partners, L.P. in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.83.
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About Shell Midstream Partners, L.P.
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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