Shell Midstream Partners L.P. (NYSE:SHLX) stock went on a downward path that fall over -1.05% on Tuesday, amounting to a one-week price decrease of more than -2.35%. Over the last 12 months, SHLX stock dropped by -0.14%. The one-year SHLX stock forecast points to a potential upside of 0.01, with the average price target set at $20.73 per share. The average equity rating for SHLX stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for SHLX stock reached $4.84 billion, with 233.40 million shares outstanding and 123.75 million shares in the current float. Compared to the average trading volume of 838.87K shares, SHLX reached a trading volume of 378177 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Shell Midstream Partners L.P. (SHLX):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHLX shares is $20.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHLX stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Shell Midstream Partners L.P. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 20, 2019. While these analysts kept the previous recommendation, Mizuho dropped their target price from $22 to $19. The new note on the price target was released on July 17, 2019, representing the official price target for Shell Midstream Partners L.P. stock. Previously, the target price had yet another drop from $22 to $17, while Credit Suisse kept a Underperform rating on SHLX stock.
The Average True Range (ATR) for Shell Midstream Partners L.P. is set at 0.51, with the Price to Sales ratio for SHLX stock in the period of the last 12 months amounting to 8.84. The Price to Book ratio for the last quarter was 1.44, with the Price to Cash per share for the same quarter was set at 1.10. Price to Free Cash Flow for SHLX in the course of the last twelve months was 101.32 with Quick ratio for the last quarter at 6.80.
Trading performance analysis for SHLX stock
Shell Midstream Partners L.P. (SHLX) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.35. With this latest performance, SHLX shares dropped by -3.22% in over the last four-week period, additionally plugging by 1.47% over the last 6 months – not to mention a drop of -0.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHLX stock in for the last two-week period is set at 50.19, with the RSI for the last a single of trading hit 51.73, and the three-weeks RSI is set at 52.24 for Shell Midstream Partners L.P. (SHLX). The present Moving Average for the last 50 days of trading for this stock 20.32, while it was recorded at 20.79 for the last single week of trading, and 20.15 for the last 200 days.
Shell Midstream Partners L.P. (SHLX): A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Shell Midstream Partners L.P. (SHLX) shares currently have an operating margin of +39.79 and a Gross Margin at +54.16. Shell Midstream Partners L.P.’s Net Margin is presently recorded at +62.84.
Return on Total Capital for SHLX is now 13.21, given the latest momentum, and Return on Invested Capital for the company is 6.93. Return on Equity for this stock inclined to 11.93, with Return on Assets sitting at 20.10. When it comes to the capital structure of this company, Shell Midstream Partners L.P. (SHLX) has a Total Debt to Total Equity ratio set at 64.88. Additionally, SHLX Total Debt to Total Capital is recorded at 39.35, with Total Debt to Total Assets ending up at 110.57. Long-Term Debt to Equity for the company is recorded at 64.88, with the Long-Term Debt to Total Capital now at 39.35.
Receivables Turnover for the company is 9.24 with a Total Asset Turnover recorded at a value of 0.32. Shell Midstream Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.80 and a Current Ratio set at 6.80.
Shell Midstream Partners L.P. (SHLX): An earnings per share (EPS) analysis
With the latest financial reports released by the company, Shell Midstream Partners L.P. posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shell Midstream Partners L.P. go to 9.72%.
An analysis of insider ownership at Shell Midstream Partners L.P. (SHLX)
There are presently around $2,635 million, or 54.20% of SHLX stock, in the hands of institutional investors. The top three institutional holders of SHLX stocks are: TORTOISE CAPITAL ADVISORS, L.L.C. with ownership of 22,965,393, which is approximately -3.22% of the company’s market cap and around 44.72% of the total institutional ownership; ALPS ADVISORS INC, holding 10,823,238 shares of the stock with an approximate value of $226.96 million in SHLX stocks shares; and KAYNE ANDERSON CAPITAL ADVISORS LP, currently with $215.38 million in SHLX stock with ownership of nearly 5.794% of the company’s market capitalization.
71 institutional holders increased their position in Shell Midstream Partners L.P. (NYSE:SHLX) by around 19,994,402 shares. Additionally, 78 investors decreased positions by around 11,394,314 shares, while 26 investors held positions by with 94,277,595 shares. The mentioned changes placed institutional holdings at 125,666,311 shares, according to the latest SEC report filing. SHLX stock had 23 new institutional investments in for a total of 855,108 shares, while 18 institutional investors sold positions of 1,165,822 shares during the same period.