RBC Capital analyst T J Schultz maintained a Hold rating on Shell Midstream (NYSE:SHLX) on Wednesday, setting a price target of $12, which is approximately 4.35% above the present share price of $11.5.
J Schultz expects Shell (LON:RDSa) Midstream to post earnings per share (EPS) of $0.31 for the first quarter of 2021.
The current consensus among 2 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 $13 to a low of $12.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $110 million and a net profit of $35 million. The company's market cap is $4.52 billion.
According to TipRanks.com, RBC Capital analyst T J Schultz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.5% and a 66.00% 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.