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.

Many analysts weighed in on price targets for SHLX. The most optimistic analyst gave a price target of 43, implying potential capital gains of 48.22 percent. The minimum price target given was 33, implying a possible loss 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.45 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.36 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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. 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 below the high by 15.1 percent. SHLX has a price/earnings 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.