Shell Midstream Partners L.P. representing Limited Partner Interests (NYSE:SHLX) traded at a new 52-week high today of $16.50. This new high was reached on above average trading volume as 2.3 million shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
In the past 52 weeks, Shell Midstream Partners L.P. representing Limited Partner Interests share prices are bracketed by a low of $8.17 and a high of $16.50 and is now at $15.73, 93% above that low price.
Shell Midstream Partners L.P. representing Limited Partner Interests (NYSE:SHLX) defies analysts with a current price ($15.73) 0.7% above its average consensus price target of $15.62.
Shell Midstream Partners LP is a US-based limited partnership which 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 a crude tank storage and terminal system. It provides 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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