Stifel Nicolaus Sticks to Their Buy Rating for Shell Midstream

By Ryan Adsit

Stifel Nicolaus analyst Selman Akyol reiterated a Buy rating on Shell Midstream (NYSE: SHLX) on September 14 and set a price target of $30. The company’s shares closed on Friday at $27.46.

According to TipRanks.com, Akyol is a 4-star analyst with an average return of 2.3% and a 53.3% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Vanguard Natural Resources LLC, and Energy Transfer Partners LP.

Shell Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $35.

Shell Midstream’s market cap is currently $4.87B and has a P/E ratio of 22.20. The company has a book value ratio of 2.4554.

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Shell Midstream Partners LP owns, operates, develops, and acquires pipelines and other midstream assets. Its assets consist of interests in entities that own 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.