Insights Into Shell Midstream Partners L.P.’s (SHLX) Insider Activity

The stock of Shell Midstream Partners L.P. (NYSE:SHLX) decreased by remained unchanged at $12.35, down -0.48 percent. The last five days have seen an average of 1,422,740 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $2.27. The average number of shares traded over the last 20 days was 1,359,900, while the average volume over the last 50 days totaled 1,350,910.

SHLX stock appreciated 2.83% since last month. On 10/06/21, the company’s shares reached a one-month low of $11.21. The stock touched a high of $16.50 on 04/30/21, after rallying from a low of $8.17 in 52 weeks. The price of SHLX stock has risen by 22.52% or $2.27 this year, reaching a new high 31 times. Still, the stock price is down -25.15% from the 52-week high.


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Insider Transactions

There have been 70 days since Shell Midstream Partners L.P. (SHLX) last reported insider trading activity on Aug 16. On Aug 16, Vice President, Commercial Guillory Sean acquired 1,399 shares at $12.38 each. This transaction resulted in the insider spending $17,316. On Aug 09, Carsten Shawn J. added 3,200 shares at a price of US$12.41. After the transaction, the insider now owns 18,700 shares. See Remarks Ledbetter Steven had earlier bought 4,000 shares on Aug 09 for $12.28 a share. The transaction was completed for $49,120.

Valuation Metrics

Shell Midstream Partners L.P. (SHLX) has a trailing price-to-earnings (P/E) ratio of 10.14. This level actually compares favorably with the industry at large, as the PE for the Oil & Gas Midstream industry stands at about 19.31. Further, its PE also compares favorably with the Energy sector’s trailing 12 months PE ratio, which comes in at 20.20 right now. The PE ratio of Shell Midstream Partners L.P. has varied between 25.58 and 4.524 in the last five years. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.26, the price-to-book (PB) ratio of 8.23.

Shell Midstream Partners L.P.’s dividend is $1.20 per share per year. With a dividend yield of 9.72%, SHLX has a payout ratio of 133.80%. Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year. A $0.16 dividend decrease was reported on Friday July 23 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by 54.61%.

For the three months ended June 29, Shell Midstream Partners L.P.’s quick ratio was 5.80, while its current ratio was 5.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 96.60% percent. Shell Midstream Partners L.P.’s EBITDA margin for the year ended June 29 was 45.53%, whereas its operating margin stood at 40.20% for the same period. Based on annual data, it had gross profit of $295.0 million and revenue of $481.0 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SHLX’s return on assets (ROA) during the last 12 months has been 23.00%. There was a 5.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 91.70%.

Earnings Surprise

According to Shell Midstream Partners L.P.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $148.0 million, while revenues rose by 18.92% to $139.0 million. It was predicted that Shell Midstream Partners L.P.’s quarterly earnings would be $0.36, but it ended up being $0.34, beating the consensus by 5.90%. EBITDA was $81.0 million for the quarter. At the end of Shell Midstream Partners L.P.’s most recent quarter ended June 29, its liabilities totaled 2.79 billion, while its total debt was $2.72 billion. Equity owned by shareholders amounts to $393.29 million.

Technical Picture

Here’s a quick look at Shell Midstream Partners L.P.’s (SHLX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 65.20%, suggesting the stock is Neutral, with a 25.27% historical volatility rate.

The stochastic %K and %D were 85.08% and 89.27% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 76.02%, the RSI (14) reading is 59.39%. On the 9-day MACD Oscillator, the stock is at 0.41, and the 14-day reading is at 0.59.

Analyst Ratings

In its most recent analyst report, Barclays raised its rating on Shell Midstream Partners L.P. (NYSE: SHLX) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight. Analysts have assigned Shell Midstream Partners L.P. (SHLX) an Hold rating. SHLX is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is SHLX’s price target for the next 12 months?

The current consensus forecast for the stock is between $12.00 and $18.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Shell Midstream Partners L.P. (SHLX) is $14.23.

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