Shell Midstream Partners, L.P. (NYSE:SHLX) has a beta value of 1.83 and has seen 1,248,170 shares traded in the last trading session. The company, currently valued at $4.65 Billion, closed the last trade at $11.82 per share which meant it lost -$0.3 on the day or -2.88% during that session. The SHLX stock price is -92.05% off its 52-week high price of $22.7 and 51.78% above the 52-week low of $5.7. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.04 Million shares traded. The 3-month trading volume is 1.46 Million shares.
The consensus among analysts is that Shell Midstream Partners, L.P. (SHLX) is a Hold stock at the moment, with a recommendation rating of 2.9. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 11 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.34.
Shell Midstream Partners, L.P. (NYSE:SHLX) trade information
Despite being -2.88% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the SHLX stock price touched $13.00- or saw a rise of 9.08%. Year-to-date, Shell Midstream Partners, L.P. shares have moved -41.51%, while the 5-day performance has seen it change -9.01%. Over the past 30 days, the shares of Shell Midstream Partners, L.P. (NYSE:SHLX) have changed -13.34%. Short interest in the company has seen 3.79 Million shares shorted with days to cover at 2.6.
Wall Street analysts have a consensus price target for the stock at $14.82, which means that the shares’ value could jump 25.38% from current levels. The projected low price target is $12 while the price target rests at a high of $22. In that case, then, we find that the current price level is +86.13% off the targeted high while a plunge would see the stock lose 1.52% from current levels.
Shell Midstream Partners, L.P. (SHLX) estimates and forecasts
Figures show that Shell Midstream Partners, L.P. shares have underperformed across the wider relevant industry. The company’s shares have lost -41.63% over the past 6 months, with this year growth rate of -25.75%, compared to -17.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -10.5% and -24.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +11%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +76.5% over the past 5 years. Earnings growth for 2020 is a modest +11.1% while over the next 5 years, the company’s earnings are expected to increase by -0.66%.
Shell Midstream Partners, L.P. is expected to release its next earnings report between July 30 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.84 at a share yield of 15.57%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.53%.
Shell Midstream Partners, L.P. (NYSE:SHLX)’s Major holders
Insiders own 68.55% of the company shares, while shares held by institutions stand at 30.31% with a share float percentage of 96.36%. Investors are also buoyed by the number of investors in a company, with Shell Midstream Partners, L.P. having a total of 188 institutions that hold shares in the company. The top two institutional holders are Tortoise Capital Advisors, LLC with over 18.26 Million shares worth more than $182.26 Million. As of March 30, 2020, Tortoise Capital Advisors, LLC held 4.64% of shares outstanding.
The other major institutional holder is Alps Advisors Inc., with the holding of over 16.02 Million shares as of March 30, 2020. The firm’s total holdings are worth over $159.85 Million and represent 4.07% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Kayne Anderson MLP/Midstream Investment Company. As of February 28, 2020, the former fund manager holds about 3.62% shares in the company for having 14237224 shares of worth $243.6 Million while later fund manager owns 6.62 Million shares of worth $113.29 Million as of February 28, 2020, which makes it owner of about 1.68% of company’s outstanding stock.