Shell Midstream Partners LP (NYSE:SHLX) was the recipient of some unusual options trading on Thursday. Investors purchased 1,361 call options on the company. This is an increase of 813% compared to the average volume of 149 call options.
Shares of Shell Midstream Partners (NYSE SHLX) opened at $28.74 on Tuesday. The company has a debt-to-equity ratio of 42.36, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $5,440.00, a PE ratio of 22.39, a PEG ratio of 1.73 and a beta of 1.15. Shell Midstream Partners has a 1-year low of $24.68 and a 1-year high of $34.17.
Shell Midstream Partners (NYSE:SHLX) last posted its earnings results on Friday, November 3rd. The pipeline company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). The firm had revenue of $94.40 million for the quarter, compared to analysts’ expectations of $86.36 million. Shell Midstream Partners had a return on equity of 3,826.80% and a net margin of 85.14%. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. research analysts predict that Shell Midstream Partners will post 1.27 EPS for the current year.
A number of research analysts have recently issued reports on the company. BidaskClub raised Shell Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Barclays reduced their price objective on Shell Midstream Partners from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 6th. Stifel Nicolaus set a $30.00 price objective on Shell Midstream Partners and gave the company a “buy” rating in a research note on Thursday, November 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Shell Midstream Partners in a research note on Monday, August 21st. Finally, UBS reduced their price objective on Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Shell Midstream Partners presently has an average rating of “Buy” and an average price target of $34.50.
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Shell Midstream Partners Company Profile
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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