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.

SHLX was given price targets by several analysts. The most optimistic analyst gave a price target of 43, implying potential capital gains of 48.22 percent. The most pessimistic price target was 33, which equates to a potential downside of 13.75 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. Meanwhile, fiscal year estimates have been revised downwards by -0.36 percent, compared to last month. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of SHLX to grow at a rate of 11.59 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SHLX is 1.94.

SHLX has traded between a high of 34.17 and a low of 25.42 over the past year. The current market price is above the trailing year's low by 14.12 percent, and 15.1 percent lower than its 52-week 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 stock has a market capitalization of $5.18 billion. SHLX will post this quarters earnings in days, on 0000-00-00.