Brokerage firm Barclays Assumes its rating on Shell Midstream Partners LP(NYSE:SHLX). The shares have been rated Overweight. The rating by Barclays was issued on Apr 12, 2016.
Shell Midstream Partners LP (SHLX) shares turned negative on Fridays trading session with the shares closing down -0.41 points or -1.19% at a volume of 5,99,324. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.54. The peak price level was also seen at $34.54 while the days lowest was $33.81. Finally the shares closed at $33.99. The 52-week high of the shares is $49.77 while the 52-week low is $25.13. According to the latest information available, the market cap of the company is $5,161 M.
Shell Midstream Partners LP(SHLX) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $84.60M. Analysts had an estimated revenue of $68.96M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.35.
Several Insider Transactions has been reported to the SEC. On Feb 25, 2016, Margaret C Montana (director) purchased 35 shares at $35.71 per share price.Also, On Feb 25, 2016, Michele F Joy (officer ) purchased 37 shares at $36.90 per share price.On Dec 22, 2015, Alton G Smith (Vice President, Operations) purchased 3,435 shares at $37.58 per share price, according to the Form-4 filing with the securities and exchange commission.
Shell Midstream Partners L.P. is a master limited partnership company formed to own operate develop and acquire pipelines and other midstream assets. The company own interests in two crude oil pipeline systems and two refined products systems. The crude oil pipeline systems which are held by Zydeco and Mars Oil Pipeline Company (Mars) are located along the Texas and Louisiana Gulf Coast and in the Gulf of Mexico. These systems link onshore and offshore production areas with refining markets. The refined products pipeline systems which are held by Bengal Pipeline Company LLC (Bengal) and Colonial Pipeline Company (Colonial) connect Gulf Coast and southeastern United States refineries to demand centers from Alabama to New York.