Barclays set a $29.00 target price on Shell Midstream Partners (NYSE:SHLX) in a research report report published on Monday. The firm currently has a hold rating on the pipeline company’s stock.

A number of other analysts also recently commented on SHLX. Stifel Nicolaus downgraded Shell Midstream Partners from a buy rating to a hold rating and raised their price objective for the stock from $30.00 to $31.00 in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Shell Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated an outperform rating and issued a $36.00 price objective on shares of Shell Midstream Partners in a research report on Friday, February 2nd. UBS reiterated a buy rating and issued a $38.00 price objective (down previously from $40.00) on shares of Shell Midstream Partners in a research report on Friday, March 2nd. Finally, JPMorgan Chase reiterated an overweight rating and issued a $31.00 price objective (down previously from $32.00) on shares of Shell Midstream Partners in a research report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $30.56.

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Shares of NYSE:SHLX opened at $21.73 on Monday. Shell Midstream Partners has a twelve month low of $19.42 and a twelve month high of $33.25. The company has a market cap of $4,621.70, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of -3.30.

Shell Midstream Partners (NYSE:SHLX) last announced its earnings results on Tuesday, February 27th. The pipeline company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Shell Midstream Partners had a negative return on equity of 179.87% and a net margin of 78.08%. The firm had revenue of $127.00 million during the quarter, compared to the consensus estimate of $96.23 million. During the same quarter in the prior year, the company earned $0.34 EPS. equities research analysts forecast that Shell Midstream Partners will post 1.44 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning acquired a new position in shares of Shell Midstream Partners in the 4th quarter worth approximately $235,000. Cypress Wealth Advisors LLC acquired a new position in shares of Shell Midstream Partners in the 4th quarter worth approximately $3,036,000. Whalerock Point Partners LLC acquired a new position in shares of Shell Midstream Partners in the 4th quarter worth approximately $328,000. Starfire Investment Advisers Inc. acquired a new position in shares of Shell Midstream Partners in the 4th quarter worth approximately $1,044,000. Finally, Koch Industries Inc. acquired a new position in shares of Shell Midstream Partners in the 4th quarter worth approximately $301,000. 44.93% of the stock is owned by institutional investors and hedge funds.

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Shell Midstream Partners Company Profile

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline.

Analyst Recommendations for Shell Midstream Partners (NYSE:SHLX)

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