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Shell Midstream (SHLX) Surges: Stock Moves 10.3% Higher

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Shell Midstream Partners, L.P. was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $8.75 – $11.80 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen no estimate revision in the past month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Shell Midstream currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

 

A better-ranked stock in the Oil and Gas – Production and Pipeline – MLB industry is BP Midstream Partners LP , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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