Shell Midstream Partners (NYSE:SHLX) posted its earnings results on Tuesday. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01), Bloomberg Earnings reports. Shell Midstream Partners had a net margin of 85.14% and a return on equity of 3,826.80%. The firm had revenue of $127.00 million during the quarter, compared to analyst estimates of $96.23 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share.
Shares of Shell Midstream Partners (NYSE SHLX) opened at $24.65 on Wednesday. The company has a market cap of $5,472.20, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.19 and a beta of 1.02. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 42.36. Shell Midstream Partners has a 1-year low of $23.87 and a 1-year high of $33.55.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were issued a $0.333 dividend. This represents a $1.33 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Friday, February 2nd. This is a positive change from Shell Midstream Partners’s previous quarterly dividend of $0.32. Shell Midstream Partners’s payout ratio is presently 104.72%.
Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Shell Midstream Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 6th. Stifel Nicolaus set a $30.00 target price on shares of Shell Midstream Partners and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Shell Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. UBS Group decreased their target price on shares of Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Shell Midstream Partners in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Shell Midstream Partners has a consensus rating of “Hold” and a consensus target price of $33.43.
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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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