Analyst Ratings for Shell Midstream Partners L.P. (SHLX)

Updated: 2017-07-26

An average rating of Overweight has been given to Shell Midstream Partners L.P. (NYSE:SHLX) by analysts covering the stock. Last month, SHLX received an average rating of Overweight.

A buy rating was issued by 6 analysts, 0 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for SHLX. The maximum price target given was 43, which equates to a potential upside of 48.22 percent. The most pessimistic analyst gave a price target of 33, which equates to a potential downside of 13.75 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.45 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.36 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -6.54 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

SHLX has an estimated earnings growth rate of 11.59 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of SHLX is 1.94.

In the last 52-weeks, SHLX has achieved a high of 34.17 and a low of 25.42. Currently the stock is 14.12 percent higher than its low, and 15.1 percent below the high. SHLX has a P/E ratio of 22.44. Investors typically compare the P/E ratio to a company's peers in the industry. The SHLX value stock report compares SHLX to some of its peers using value stock charts. The market cap of SHLX is $5.18 billion. SHLX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.