Shell Midstream Partners, L.P. (SHLX) At $25.47 Forms Bottom; Shorts at NORTHAM PLATINUM PTY (NMPNF) Lowered By 1.51%

Shell Midstream Partners, L.P. (SHLX) formed multiple bottom with $24.71 target or 3.00% below today’s $25.47 share price. Shell Midstream Partners, L.P. (SHLX) has $5.70 billion valuation. The stock decreased 0.66% or $0.17 during the last trading session, reaching $25.47. About 1.33 million shares traded or 66.21% up from the average. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since February 18, 2017 and is downtrending. It has underperformed by 22.59% the S&P500.

NORTHAM PLATINUM PTY (OTCMKTS:NMPNF) had a decrease of 1.51% in short interest. NMPNF’s SI was 2.18 million shares in February as released by FINRA. Its down 1.51% from 2.21 million shares previously. With 300 avg volume, 7260 days are for NORTHAM PLATINUM PTY (OTCMKTS:NMPNF)’s short sellers to cover NMPNF’s short positions. It closed at $4.36 lastly. It is down 0.00% since February 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Northam Platinum Limited engages in mining, refining, marketing, and selling platinum group metals and its by-products in South Africa, Europe, Japan, North America, and Australia. The company has market cap of $1.12 billion. It explores for platinum, palladium, rhodium, gold, chrome, copper, and others. It currently has negative earnings. The firm primarily holds interests in the Zondereinde mine covering approximately 7,625 hectares of land located in the northern portion of the western limb of the Bushveld complex; and the Booysendal mine comprising approximately 17, 986 hectares of land located in the southern compartment of the eastern limb of the Bushveld complex.

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 $78.33 million for 18.19 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 has $52 highest and $29 lowest target. $34.88’s average target is 36.95% above currents $25.47 stock price. Shell Midstream Partners had 24 analyst reports since July 2, 2015 according to SRatingsIntel. On Friday, November 17 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Equal-Weight” rating by Barclays Capital on Monday, November 6. RBC Capital Markets initiated the shares of SHLX in report on Monday, May 2 with “Outperform” rating. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Overweight” rating by JP Morgan on Wednesday, February 1. The firm earned “Buy” rating on Monday, September 25 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Sunday, August 20. Stifel Nicolaus maintained the shares of SHLX in report on Wednesday, November 29 with “Buy” rating. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Monday, August 14. Stifel Nicolaus has “Buy” rating and $30.0 target. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 9 report. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Thursday, September 14. Stifel Nicolaus has “Buy” rating and $30.0 target.

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