Shell Midstream Partners L.P. (NYSE:SHLX) went down by -2.34% from its latest closing price compared to the recent 1-year high of $16.50. The company’s stock price has collected -4.57% of loss in the last five trading sessions. Press Release reported on 07/16/21 that Advance Notice of Second Quarter Financial Results for Shell Midstream Partners, L.P.
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 11.78 x from its present earnings ratio. Plus, the 36-month beta value for SHLX is at 1.76.
SHLX currently public float of 123.72M and currently shorts hold a 3.91% ratio of that float. Today, the average trading volume of SHLX was 1.56M shares.
SHLX’s Market Performance
SHLX stocks went down by -4.57% for the week, with a monthly drop of -10.98% and a quarterly performance of -6.83%, while its annual performance rate touched 14.45%. The volatility ratio for the week stands at 4.20% while the volatility levels for the past 30 days are set at 3.09% for Shell Midstream Partners L.P.. The simple moving average for the period of the last 20 days is -5.37% for SHLX stocks with a simple moving average of 11.62% for the last 200 days.
Analysts’ Opinion of SHLX
Many brokerage firms have already submitted their reports for SHLX stocks, with Credit Suisse repeating the rating for SHLX by listing it as a “Underperform.” The predicted price for SHLX in the upcoming period, according to Credit Suisse is $13 based on the research report published on July 16th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see SHLX reach a price target of $11, previously predicting the price at $10. The rating they have provided for SHLX stocks is “Equal Weight” according to the report published on January 20th, 2021.
SHLX Trading at -8.20% 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 -16.48% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares sank -9.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.34% lower at present.
During the last 5 trading sessions, SHLX fell by -4.57%, which changed the moving average for the period of 200-days by +45.21% in comparison to the 20-day moving average, which settled at $14.49. In addition, Shell Midstream Partners L.P. saw 36.71% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SHLX
Current profitability levels for the company are sitting at:
- +35.14 for the present operating margin
- +50.94 for the gross margin
The net margin for Shell Midstream Partners L.P. stands at +101.46. The total capital return value is set at 7.98, while invested capital returns managed to touch 11.91. Equity return is now at value 85.80, with 21.90 for asset returns.
Total debt to assets is 115.94, with long-term debt to equity ratio resting at 470.59. Finally, the long-term debt to capital ratio is 121.43.
When we switch over and look at the enterprise to sales, we see a ratio of 10.25, with the company’s debt to enterprise value settled at 0.55. The receivables turnover for the company is 9.34 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.80.