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, implying a possible profit of 48.22 percent. The lowest price target was 33, implying a possible loss of 13.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.54 percent.

Another thing investors often look at is the level of agreement among analysts' 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. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of SHLX to grow at a rate of 11.59 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, 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, though it could be better to see where the ratio stands relative to peers in the industry. SHLX has a PEG ratio of 1.94.

SHLX has traded between a high of 34.17 and a low of 25.42 over the past year. Today's price is 14.12 percent above the 52-week 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's next earnings release will be on 0000-00-00, which is days away.