Shell Midstream Receives a Hold from Stifel Nicolaus

In a report released today, Selman Akyol from Stifel Nicolaus reiterated a Hold rating on Shell Midstream (NYSE: SHLX), with a price target of $26. The company’s shares closed yesterday at $23.63.

According to TipRanks.com, Akyol is a 3-star analyst with an average return of 1.2% and a 58.2% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.

Shell Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $28.70.

See today’s analyst top recommended stocks >>

Based on Shell Midstream’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $37 million. In comparison, last year the company had a net profit of $58.7 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.