Watching Shell Midstream Partners L.P. (SHLX) For Insider Activity

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Shell Midstream Partners L.P. (NYSE:SHLX) finished Thursday with a subtraction of $0.0 to close at $15.80, a downside of 0.00 percent. An average of 1,324,474 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,435,053 shares traded, while the 50-day average volume stands at 2,193,025.

SHLX stock has decreased by -0.06% in the last month. The company shares reached their 1-month lowest point of $15.79 on 09/07/22. With the stock rallying to its 52-week high on 07/28/22, shares of the company touched a low of $10.76 and a high of $16.08 in 52 weeks. It has reached a new high 25 times so far this year and achieved 37.15% or $4.28 in price. In spite of this, the price is down -1.74% from the 52-week high.


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Valuation Metrics

Shell Midstream Partners L.P. (SHLX) has a trailing price-to-earnings (P/E) ratio of 13.07. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.24, the price-to-book (PB) ratio at 10.06, and the price-to-cash flow ratio at 91.44.

The company has a payout ratio of 96.50%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest decrease dividend $0.16 reported on Friday July 23 2021.

Financial Health

The quick ratio of Shell Midstream Partners L.P. for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.76 and a total debt to equity ratio of 4.16 for the quarter ending June 29. Its gross profit as reported stood at $355.0 million compared to revenue of $556.0 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Shell Midstream Partners L.P.’s return on assets was 21.60%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $136.0 million in the quarter, while revenues were shrunk -19.12%. The analyst consensus anticipated Shell Midstream Partners L.P.’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.33, a -13.20% surprise. For the quarter, EBITDA amounted to $75.0 million. Shareholders own equity worth $393.29 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Shell Midstream Partners L.P. (SHLX) price momentum. RSI 9-day as of the close on 22 September was 48.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.24%.

As of today, SHLX’s price is $15.80 -0.19% or -$0.03 from its 5-day moving average. SHLX is currently trading -0.06% lower than its 20-day SMA and +13.10% higher than its 100-day SMA. However, the stock’s current price level is +10.49% above the SMA50 and +35.62% above the SMA200.

The stochastic %K and %D were 16.67% and 16.67%, respectively, and the average true range (ATR) was 0.02. With the 14-day stochastic at 16.67% and the average true range at 0.04, the RSI (14) stands at 61.23%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.

Analyst Ratings

Barclays downgraded Shell Midstream Partners L.P. (NYSE: SHLX) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Shell Midstream Partners L.P. (SHLX) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SHLX, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $15.85 and $16.00, with a median target of $15.85. Taking a look at these predictions, the average price target given by analysts for Shell Midstream Partners L.P. (SHLX) stock is $15.90.

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