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Is this Large Market Cap Stock target price reasonable for Shell Midstream Partners, L.P. (NYSE:SHLX)?

The company in question is, Shell Midstream Partners, L.P. (NYSE:SHLX) currently with a stock price of 29.22 (-1.88% today). The market cap for Shell Midstream Partners, L.P. is 5324.66, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Shell Midstream Partners, L.P. is 39.11. Currently Shell Midstream Partners, L.P. is trading with a P/E of 14, and a forward P/E of 17.06. Average volume for Shell Midstream Partners, L.P. is 363.36 and so far today it is 132351.

Performance in the last year for Shell Midstream Partners, L.P. has been -16.54%. For EPS growth, Shell Midstream Partners, L.P. has seen a growth of 27.20%, and is looking to grow in the next year to 20.25%. More long term stats show that EPS growth has been *TBA over the last five years and could be 23.00% for the next five years. Shell Midstream Partners, L.P. has seen sales growth quarter over quarter at -10.90%, with EPS growth quarter over quarter at 56.60%. The 20-day simple moving average is -4.77%, with the 200-day simple moving average coming to -12.42%.

Since the IPO date for Shell Midstream Partners, L.P. on the 10/29/2014, Shell Midstream Partners, L.P. has seen performance year to date to be -26.80%. With Shell Midstream Partners, L.P. trading at 29.22, the dividend yield is 3.36%, and the EPS is 2.13.

So could Shell Midstream Partners, L.P., be undervalued? Well as said before P/E is 14. The PEG is 0.61, P/S is 14.59 and the P/B is at 2.59. The P/cash is 31.58, with P/free cash flow at 78.07.

Shell Midstream Partners, L.P. ability to deal with debt shows that the current ratio is 9.7, and the quick ratio is 9.7. This is with long term debt/equity at 0.19, and total debt/equity at 0.

In terms of margins, Shell Midstream Partners, L.P. has a gross margin of *TBA, an operating margin of 60.70% and a profit margin of 59.90%.Payout ratio for Shell Midstream Partners, L.P. is 64.50%. Return on assets come to 30.60% with return on investment coming to 12.50%.

Insider ownership for Shell Midstream Partners, L.P., is at 28.69% and institutional ownership comes to 82.10%. Outstanding shares are at 178.8. While shares float is 88.27. The float short is currently 0.69%, and short ratio is 1.68.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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