Morgan Stanley Sticks to Their Hold Rating for Shell Midstream (SHLX)
In a report released today, Tom Abrams from Morgan Stanley maintained a Hold rating on Shell Midstream (SHLX), with a price target of $25. The company’s shares closed on Friday at $18.84, close to its 52-week low of $18.32.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Oasis Midstream Partners Lp, Hess Midstream Partners Lp, and EnLink Midstream Partners.
Shell Midstream has an analyst consensus of Hold, with a price target consensus of $24.
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Shell Midstream’s market cap is currently $4.22B and has a P/E ratio of 13.63. The company has a Price to Book ratio of 1.30.
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Shell Midstream Partners LP owns, operates, develops, and acquires pipelines and other midstream assets. Its assets consist of entities which hold interest in crude oil and refined products pipelines and a crude tank storage and terminal system. The company was founded on March 19, 2014 and is headquartered in Houston, TX.