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Shell Midstream Partners (NYSE:SHLX) target price raised to $37.00, reported today by Mizuho Securities

Yesterday Shell Midstream Partners (NYSE:SHLX) traded 2.33% higher at $31.35. The company’s 50-day moving average is $30.70 and its 200-day moving average is $33.17. The last stock close price is down -3.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 619,452 shares of the stock were exchanged, up from an average trading volume of 351,505

Shell Midstream Partners (NYSE:SHLX) had its target price raised to $37.00 by Mizuho Securities in a report released Friday September 30, 2016. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.

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Shell Midstream Partners (NYSE:SHLX)

Shell Midstream Partners has a 52 week low of $29.47 and a 52 week high of $42.29 with a P/E ratio of 22.34 The company’s total market value is presently $0.

A total of 5 brokers have released a ratings update on SHLX. 1 firm rating the stock a strong buy, three analysts rating the company a buy, two equity analysts rating the company a hold, zero brokerages rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $44.90.

Brief Synopsis On Shell Midstream Partners (NYSE:SHLX)

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 has interests in approximately four crude oil pipeline systems, approximately two refined products systems and a crude tank storage and terminal system. The crude oil pipeline systems, which are held by Zydeco Pipeline Company LLC (Zydeco); Mars Oil Pipeline Company (Mars); Poseidon Oil Pipeline Company, LLC (Poseidon), and Pecten Midstream LLC (Pecten), are located along the Texas and Louisiana Gulf Coast and in the Gulf of Mexico. The Company has interests in Zydeco, Mars, Bengal, Colonial, Poseidon and Pecten. Zydeco spans over 350 miles and has a mainline capacity of approximately 370 thousand barrels per day (kbpd). Zydeco includes tankage in Port Neches, Texas and Erath and Houma, Louisiana, a dock in Houma, Louisiana and a pipeline that indirectly connects to the offshore Boxer pipeline system.

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