Shell Midstream Partners L.P. (NYSE:SHLX) went down by -0.43% from its latest closing price compared to the recent 1-year high of $22.70. The company’s stock price has collected -5.81% of loss in the last five trading sessions. Press Release reported on 07/31/20 that Shell Midstream Partners, L.P. Announces Appointment of New VP, Operations of Its General Partner
Is It Worth Investing in Shell Midstream Partners L.P. (NYSE :SHLX) Right Now?
Shell Midstream Partners L.P. (NYSE:SHLX) scored a price-to-earnings ratio above its average ratio, recording 6.31 x from its present earnings ratio. Plus, the 36-month beta value for SHLX is at 1.62. Opinions of the stock are interesting as 3 analysts out of 11 who provided ratings for Shell Midstream Partners L.P. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $14.09, which is $5.46 above the current price. SHLX currently public float of 123.71M and currently shorts hold a 3.08% ratio of that float. Today, the average trading volume of SHLX was 1.05M shares.
SHLX’s Market Performance
SHLX stocks went down by -5.81% for the week, with a monthly drop of -15.92% and a quarterly performance of -28.87%, while its annual performance rate touched -54.39%. The volatility ratio for the week stands at 5.34% while the volatility levels for the past 30 days are set at 4.01% for Shell Midstream Partners L.P.. The simple moving average for the period of the last 20 days is -8.30% for SHLX stocks with a simple moving average of -35.02% for the last 200 days.
Analysts’ Opinion of SHLX
Many brokerage firms have already submitted their reports for SHLX stocks, with Barclays repeating the rating for SHLX by listing it as a “Equal Weight.” The predicted price for SHLX in the upcoming period, according to Barclays is $15 based on the research report published on June 04th of the current year 2020.
Credit Suisse, on the other hand, stated in their research note that they expect to see SHLX reach a price target of $13, previously predicting the price at $17. The rating they have provided for SHLX stocks is “Neutral” according to the report published on March 12th, 2020.
Mizuho gave a rating of “Neutral” to SHLX, setting the target price at $19 in the report published on March 02nd of the current year.
SHLX Trading at -16.04% from the 50-Day Moving Average
After a stumble in the market that brought SHLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.30% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares sank -12.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.14% lower at present.
During the last 5 trading sessions, SHLX fell by -5.81%, which changed the moving average for the period of 200-days by -54.01% in comparison to the 20-day moving average, which settled at $10.01. In addition, Shell Midstream Partners L.P. saw -54.28% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SHLX starting from Muratta Lori M, who purchase 10,000 shares at the price of $7.04 back on Mar 18. After this action, Muratta Lori M now owns 12,960 shares of Shell Midstream Partners L.P., valued at $70,400 using the latest closing price.
Carsten Shawn J., the See Remarks of Shell Midstream Partners L.P., purchase 4,000 shares at $6.59 during a trade that took place back on Mar 18, which means that Carsten Shawn J. is holding 15,500 shares at $26,360 based on the most recent closing price.
Stock Fundamentals for SHLX
Current profitability levels for the company are sitting at:
- +43.14 for the present operating margin
- +58.45 for the gross margin
The net margin for Shell Midstream Partners L.P. stands at +75.75. The total capital return value is set at 11.33, while invested capital returns managed to touch 6.72. Equity return is now at value 15.50, with 19.10 for asset returns.
Based on Shell Midstream Partners L.P. (SHLX), the company’s capital structure generated 84.01 points at debt to equity in total, while total debt to capital is 45.65. Total debt to assets is 134.77, with long-term debt to equity ratio resting at 83.98. Finally, the long-term debt to capital ratio is 45.64.
Currently, EBITDA for the company is 54.00M with total debt to EBITDA at 10.21. When we switch over and look at the enterprise to sales, we see a ratio of 6.11, with the company’s debt to enterprise value settled at 0.88. The receivables turnover for the company is 8.89 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.80.