Shell Midstream Partners (SHLX) Scheduled to Post Earnings on Thursday

Shell Midstream Partners (NYSE:SHLXGet Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Shell Midstream Partners (NYSE:SHLXGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Shell Midstream Partners had a return on equity of 103.11% and a net margin of 100.00%. The firm had revenue of $141.00 million for the quarter, compared to analyst estimates of $130.73 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Shell Midstream Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SHLX traded down $0.10 on Tuesday, hitting $14.01. 4,724 shares of the stock traded hands, compared to its average volume of 1,757,314. Shell Midstream Partners has a 52 week low of $10.76 and a 52 week high of $16.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 4.09. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 11.22 and a beta of 1.52. The business has a fifty day moving average of $14.04.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Tuesday, May 3rd will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, May 2nd. This represents a $1.20 annualized dividend and a yield of 8.57%. Shell Midstream Partners’s dividend payout ratio is 96.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in Shell Midstream Partners by 13.3% during the 4th quarter. Cetera Investment Advisers now owns 12,814 shares of the pipeline company’s stock worth $148,000 after acquiring an additional 1,502 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in Shell Midstream Partners by 5.8% during the 4th quarter. Vident Investment Advisory LLC now owns 97,285 shares of the pipeline company’s stock worth $1,121,000 after buying an additional 5,360 shares in the last quarter. Virtu Financial LLC lifted its holdings in Shell Midstream Partners by 112.6% during the 4th quarter. Virtu Financial LLC now owns 23,503 shares of the pipeline company’s stock worth $271,000 after buying an additional 12,447 shares in the last quarter. Morgan Stanley lifted its holdings in Shell Midstream Partners by 15.5% during the 2nd quarter. Morgan Stanley now owns 2,226,685 shares of the pipeline company’s stock worth $32,888,000 after buying an additional 298,091 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Shell Midstream Partners by 34.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,857,569 shares of the pipeline company’s stock worth $32,919,000 after buying an additional 726,208 shares in the last quarter. Institutional investors and hedge funds own 18.56% of the company’s stock.

Several equities analysts recently issued reports on SHLX shares. Bank of America boosted their price target on Shell Midstream Partners from $12.50 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, January 18th. Barclays lowered Shell Midstream Partners from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $13.00 in a research note on Thursday, January 20th. StockNews.com initiated coverage on Shell Midstream Partners in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group upped their price objective on Shell Midstream Partners from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, February 25th. Finally, Jonestrading lowered Shell Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, February 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.83.

Shell Midstream Partners Company Profile (Get Rating)

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.

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Earnings History for Shell Midstream Partners (NYSE:SHLX)

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