SHLX - Shares of Shell Midstream Partners L.P. representing Limited Partner Interests (SHLX) Exceed 52-Week High
Shell Midstream Partners L.P. representing Limited Partner Interests (NYSE:SHLX) traded at a new 52-week high today of $16.05. This new high was reached on above average trading volume as 15.2 million shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
Based on a current price of $16.04, Shell Midstream Partners L.P. representing Limited Partner Interests is currently 8.8% above its average consensus analyst price target of $14.62.
Shell Midstream Partners L.P. representing Limited Partner Interests share prices have moved between a 52-week high of $16.05 and a 52-week low of $10.76 and are now trading 49% above that low price at $16.04 per share.
Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.
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