Brokerages forecast that Shell Midstream Partners, L.P. (NYSE:SHLX) will post earnings per share of $0.42 for the current quarter, according to Zacks. Two analysts have issued estimates for Shell Midstream Partners, L.P.’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.34. Shell Midstream Partners, L.P. posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The company is expected to report its next earnings report on Friday, November 3rd.

According to Zacks, analysts expect that Shell Midstream Partners, L.P. will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.21 to $1.41. For the next fiscal year, analysts expect that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.35 to $1.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Shell Midstream Partners, L.P..

Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings results on Friday, November 3rd. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Shell Midstream Partners, L.P. had a net margin of 85.14% and a return on equity of 17,044.89%. The business had revenue of $94.40 million during the quarter, compared to analyst estimates of $86.36 million. During the same period in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 39.0% compared to the same quarter last year.

Several research firms recently weighed in on SHLX. Zacks Investment Research raised Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub downgraded Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $30.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.83.

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Shell Midstream Partners, L.P. (NYSE:SHLX) traded up $0.79 during midday trading on Monday, reaching $27.15. The company had a trading volume of 86,642 shares, compared to its average volume of 373,947. Shell Midstream Partners, L.P. has a 12-month low of $24.68 and a 12-month high of $34.17. The stock has a market cap of $4,949.94, a P/E ratio of 20.76, a P/E/G ratio of 1.46 and a beta of 1.12. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of -5.11.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 14th will be issued a $0.318 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.27 dividend on an annualized basis and a yield of 4.69%. This is a boost from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. Shell Midstream Partners, L.P.’s dividend payout ratio (DPR) is presently 100.00%.

A number of institutional investors have recently modified their holdings of SHLX. Alps Advisors Inc. boosted its holdings in Shell Midstream Partners, L.P. by 11.3% in the third quarter. Alps Advisors Inc. now owns 7,218,418 shares of the pipeline company’s stock valued at $200,961,000 after acquiring an additional 733,321 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Shell Midstream Partners, L.P. by 37.8% during the second quarter. Bank of Montreal Can now owns 1,237,230 shares of the pipeline company’s stock worth $37,488,000 after purchasing an additional 339,230 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Shell Midstream Partners, L.P. by 15.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,130,620 shares of the pipeline company’s stock worth $64,558,000 after purchasing an additional 280,018 shares in the last quarter. Mariner Investment Group LLC lifted its stake in shares of Shell Midstream Partners, L.P. by 690.4% during the second quarter. Mariner Investment Group LLC now owns 197,600 shares of the pipeline company’s stock worth $5,987,000 after purchasing an additional 172,600 shares in the last quarter. Finally, Chickasaw Capital Management LLC lifted its stake in shares of Shell Midstream Partners, L.P. by 1.8% during the second quarter. Chickasaw Capital Management LLC now owns 8,626,823 shares of the pipeline company’s stock worth $261,393,000 after purchasing an additional 153,936 shares in the last quarter. Hedge funds and other institutional investors own 43.67% of the company’s stock.

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.

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