Shell Midstream Partners, L.P. (SHLX) At $29.79 Forms Bottom; Clearbridge Energy MLP Opportunity Fund (EMO) Has 1.5 Sentiment

The stock increased 1.31% or $0.17 during the last trading session, reaching $13.12. About 70,303 shares traded. ClearBridge Energy MLP Opportunity Fund Inc. (EMO) has risen 7.51% since January 29, 2017 and is uptrending. It has underperformed by 9.19% the S&P500.

Shell Midstream Partners, L.P. (SHLX) formed multiple bottom with $27.70 target or 7.00% below today’s $29.79 share price. Shell Midstream Partners, L.P. (SHLX) has $5.59 billion valuation. The stock increased 0.78% or $0.23 during the last trading session, reaching $29.79. About 286,253 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since January 29, 2017 and is downtrending. It has underperformed by 22.59% the S&P500.

Terril Brothers Inc. holds 2.29% of its portfolio in ClearBridge Energy MLP Opportunity Fund Inc. for 588,239 shares. Seabridge Investment Advisors Llc owns 114,735 shares or 0.33% of their US portfolio. Moreover, Sit Investment Associates Inc has 0.27% invested in the company for 887,084 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.13% in the stock. Dorsey & Whitney Trust Co Llc, a South Dakota-based fund reported 10,924 shares.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on February, 22. They expect $0.35 EPS, up 2.94% or $0.01 from last year’s $0.34 per share. SHLX’s profit will be $65.72M for 21.28 P/E if the $0.35 EPS becomes a reality. After $0.31 actual EPS reported by Shell Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 12.90% EPS growth.

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream Partners had 24 analyst reports since July 2, 2015 according to SRatingsIntel. RBC Capital Markets maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Thursday, October 19. RBC Capital Markets has “Buy” rating and $35.0 target. Barclays Capital maintained it with “Equal-Weight” rating and $30 target in Monday, November 6 report. The rating was initiated by JP Morgan with “Overweight” on Wednesday, February 1. Barclays Capital maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Friday, November 17 with “Equal-Weight” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, January 17 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 13. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Overweight” rating given on Thursday, July 2 by Barclays Capital. RBC Capital Markets maintained the shares of SHLX in report on Wednesday, November 9 with “Outperform” rating. Morgan Stanley maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Friday, November 17 with “Equal-Weight” rating. The company was maintained on Wednesday, November 29 by Stifel Nicolaus.