News stories about Shell Midstream Partners, L.P. (NYSE:SHLX) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shell Midstream Partners, L.P. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.9243707644552 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub cut Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price objective on shares of Shell Midstream Partners, L.P. in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Shell Midstream Partners, L.P. in a research report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Shell Midstream Partners, L.P. currently has an average rating of “Buy” and an average target price of $36.83.

Shares of Shell Midstream Partners, L.P. (SHLX) opened at 28.49 on Monday. The stock has a market capitalization of $5.05 billion, a P/E ratio of 23.11 and a beta of 1.17. Shell Midstream Partners, L.P. has a 12-month low of $25.42 and a 12-month high of $34.17. The stock has a 50 day moving average price of $27.48 and a 200 day moving average price of $29.59.

Shell Midstream Partners, L.P. (NYSE:SHLX) last issued its earnings results on Thursday, August 3rd. The pipeline company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). Shell Midstream Partners, L.P. had a net margin of 87.22% and a return on equity of 258.67%. The company had revenue of $86.80 million during the quarter, compared to analyst estimates of $69.55 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Shell Midstream Partners, L.P. will post $1.36 earnings per share for the current fiscal year.

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About Shell Midstream Partners, L.P.

Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.

Insider Buying and Selling by Quarter for Shell Midstream Partners, L.P. (NYSE:SHLX)

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