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Shell Midstream (SHLX) Surges: Stock Moves 6.5% Higher

Zacks Equity Research
·2-min read

Shell Midstream Partners, L.P. SHLX was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.17 to $9.55 in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Shell Midstream currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Shell Midstream Partners, L.P. Price

Shell Midstream Partners, L.P. Price
Shell Midstream Partners, L.P. Price

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

A better-ranked stock in the Oil and Gas - Production Pipeline – MLP industry is Summit Midstream Partners, LP SMLP, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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