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.
Several price targets were given for SHLX by the analysts covering the stock. The highest price target was 43, which equates to a potential upside of 48.22 percent. The lowest price target was 33, which equates to a potential downside of 13.75 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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.
The growth rate of SHLX's earnings is estimated by analysts to be 11.59 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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. The current market price is above the trailing year's low by 14.12 percent, and below the high by 15.1 percent. 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 stock has a market capitalization of $5.18 billion. SHLX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.