Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX): Price and Financial Metrics


Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX)

Today's Latest Price: $10.17 USD

0.11 (-1.07%)

Updated Dec 2 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 56 in MLPs - Oil & Gas

See all "A" rated Strong Buy stocks

SHLX Stock Summary

  • Shell Midstream Partners LP's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than only 5.35% of US listed stocks.
  • For SHLX, its debt to operating expenses ratio is greater than that reported by 96.71% of US equities we're observing.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at -3.65 for Shell Midstream Partners LP; that's greater than it is for only 3.76% of US stocks.
  • If you're looking for stocks that are quantitatively similar to Shell Midstream Partners LP, a group of peers worth examining would be CLI, PSXP, RIG, DHT, and ELS.
  • SHLX's SEC filings can be seen here. And to visit Shell Midstream Partners LP's official web site, go to www.shellmidstreampartners.com.

SHLX Stock Price Chart Interactive Chart >

Price chart for SHLX

SHLX Price/Volume Stats

Current price $10.17 52-week high $22.70
Prev. close $10.28 52-week low $5.70
Day low $10.16 Volume 1,470,272
Day high $10.56 Avg. volume 1,349,520
50-day MA $9.44 Dividend yield 17.9%
200-day MA $11.48 Market Cap 4.00B

Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX) Company Bio


Shell Midstream Partners LP operates, develops, and acquires pipelines and other midstream assets in the United States. The company owns interests in two crude oil pipeline systems and two refined products pipeline systems. The company was founded in 2014 and is based in Houston, Texas.

SHLX Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$10.17$113.25 1004%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Shell Midstream Partners LP. To summarize, we found that Shell Midstream Partners LP ranked in the 85th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1009.17%. In terms of the factors that were most noteworthy in this DCF analysis for SHLX, they are:

  • Shell Midstream Partners LP's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 5% of tickers in our DCF set.
  • Shell Midstream Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow.
  • The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 11.84% of stocks in its sector (Energy).


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%982%
1%993%
2%1004%
3%1015%
4%1025%
5%1036%

Want more companies with a valuation profile/forecast similar to that of Shell Midstream Partners LP? See ENBL, HP, SUN, NCSM, and VET.


SHLX Latest News Stream


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Latest SHLX News From Around the Web

Below are the latest news stories about Shell Midstream Partners LP that investors may wish to consider to help them evaluate SHLX as an investment opportunity.

Colonial Pipeline maintaining normal operations as hurricane approaches

Colonial Pipeline will continue normal operations as Hurricane Laura heads toward the U.S. Gulf Coast while complying with mandatory evacuation orders in Texas and Louisiana, say officials at the largest U.S. refined products pipeline.The company says it will communicate with local terminals and suppliers to understand their capabilities to supply...

Seeking Alpha | August 26, 2020

Shell Midstream Partners: Eliminating IDRs Has Turned This High Yielder Around

Introduction The often underfollowed Master Limited Partnership area of the equity market has a vast array of income-producing midstream companies with even the oil and gas supermajor Royal Dutch Shell (RDS.A) (RDS.B) offering an option through their subsidiary, Shell Midstream Partners (SHLX). Whilst many of their peers have reduced their...

Daniel Thurecht on Seeking Alpha | August 18, 2020

Shell Midstream Partners, L.P. Announces Appointment of New VP, Operations of Its General Partner

Houston, July 31, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) is pleased to announce the appointment of Jesse C. H. Stanley as Vice President, Operations of its general partner, Shell Midstream Partners GP LLC.  Ms. Stanley is taking over the role from Mr. Alton G. Smith, who retired from the role in July, as previously announced by the Partnership.  Ms. Stanley formerly served as the General Manager for Value Chain Integration in upstream shales for Royal Dutch Shell plc (“Shell”), a position that she held for one year. Ms. Stanley started her career with Shell in Europe, working in lubricants operations based in Shell’s lubricants plants & refineries in the United Kingdom and Europe, a role in which she served for six years, streamlining pr...

Yahoo | July 31, 2020

SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2020 UNAUDITED RESULTS

Houston, July 31, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $141 million for the second quarter of 2020, which equated to $0.32 per diluted common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $192 million. Total cash available for distribution was $163 million, approximately $7 million lower than the prior quarter. The financial results were largely driven by lower contributions from the Partnership's refined products joint ventures and lower volumes on  the Zydeco and the Eastern Corridor systems. These were partially offse...

Yahoo | July 31, 2020

Shell Midstream Partners, L.P. Declares Distribution of $0.46 Per Limited Partner Unit

Houston, July 23, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Board of Directors of its general partner declared a cash distribution of $0.4600 per limited partner unit for the second quarter of 2020. This represents an increase of 7.0 percent over the distribution paid with respect to the second quarter of 2019. The distribution will be paid August 14, 2020 to unitholders of record as of August 4, 2020. TAX CONSIDERATIONS This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a U.S. trade or b...

Yahoo | July 23, 2020

Read More 'SHLX' Stories Here

SHLX Price Returns

1-mo 21.80%
3-mo 3.81%
6-mo -27.24%
1-year -40.17%
3-year -50.64%
5-year -54.06%
YTD -41.47%
2019 33.84%
2018 -41.38%
2017 6.75%
2016 -27.81%
2015 3.14%

SHLX Dividends

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Continue Researching SHLX

Want to see what other sources are saying about Shell Midstream Partners LP's financials and stock price? Try the links below:

Shell Midstream Partners LP (SHLX) Stock Price | Nasdaq
Shell Midstream Partners LP (SHLX) Stock Quote, History and News - Yahoo Finance
Shell Midstream Partners LP (SHLX) Stock Price and Basic Information | MarketWatch


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