Barclays (LON:BARC) analyst Theresa Chen maintained a Buy rating on Shell Midstream (NYSE:SHLX) on Sunday, setting a price target of $10, which is approximately 14.29% above the present share price of $8.75.
Chen expects Shell (LON:RDSa) Midstream to post earnings per share (EPS) of $0.33 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Shell Midstream, with an average price target of $12.5.
The analysts price targets range from a high of $16 to a low of $10.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $120 million and a net profit of $41 million. The company's market cap is $3.44 billion.
According to TipRanks.com, Barclays analyst Theresa Chen is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -7.5% and a 38.89% success rate.
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.