Shell Midstream Partners, L.P. (SHLX) At $26.19 Forms Bottom; Camarda Financial Advisors Increased Its Pioneer Floating Rate Tr (PHD) Holding

Shell Midstream Partners, L.P. (SHLX) formed multiple bottom with $24.62 target or 6.00% below today’s $26.19 share price. Shell Midstream Partners, L.P. (SHLX) has $4.92B valuation. The stock decreased 8.74% or $2.51 during the last trading session, reaching $26.19. About 9.42M shares traded or 1352.84% up from the average. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since February 4, 2017 and is downtrending. It has underperformed by 22.59% the S&P500.

Camarda Financial Advisors Llc increased Pioneer Floating Rate Tr (PHD) stake by 7.7% reported in 2017Q3 SEC filing. Camarda Financial Advisors Llc acquired 40,284 shares as Pioneer Floating Rate Tr (PHD)’s stock declined 1.55%. The Camarda Financial Advisors Llc holds 563,435 shares with $6.74M value, up from 523,151 last quarter. Pioneer Floating Rate Tr now has $285.97M valuation. It closed at $11.56 lastly. It is up 9.44% since February 4, 2017 and is uptrending. It has underperformed by 7.26% the S&P500.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on February, 22. They expect $0.35 earnings per share, up 2.94% or $0.01 from last year’s $0.34 per share. SHLX’s profit will be $65.72 million for 18.71 P/E if the $0.35 EPS becomes a reality. After $0.31 actual earnings per share 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. On Wednesday, November 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. Barclays Capital maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Thursday, July 2. Barclays Capital has “Overweight” rating and $52 target. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 19. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Equal-Weight” rating given on Thursday, June 16 by Morgan Stanley. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 14. Stifel Nicolaus maintained the shares of SHLX in report on Thursday, September 14 with “Buy” rating. The rating was maintained by Barclays Capital on Friday, November 17 with “Equal-Weight”. The firm has “Buy” rating given on Friday, November 17 by UBS. RBC Capital Markets maintained the shares of SHLX in report on Wednesday, November 9 with “Outperform” rating. On Friday, November 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”.