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Shell Midstream (SHLX) in Focus: Stock Moves 6.1% Higher

Zacks Equity Research

Shell Midstream Partners, L.P. SHLX was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $19.03 –$21.36 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Shell Midstream. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Shell Midstream currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

Shell Midstream Partners, L.P. Price

Shell Midstream Partners, L.P. Price

Shell Midstream Partners, L.P. price | Shell Midstream Partners, L.P. Quote

Investors interested in the Oil and Gas – Production Pipeline MLB industry may consider BP Midstream Partners LP BPMP, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SHLX going up? Or down? Predict to see what others think:Up or Down

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