Will Shell Midstream Partners Continue to Surge Higher?

As of late, it has definitely been a great time to be an investor in Shell Midstream Partners, L.P. . The stock has moved higher by 0.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider SHLX’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as SHLX has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks' Top 10 Stocks for 2019

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Zacks Names "Single Best Pick to Double"

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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

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