Enviva Partners (EVA) Stock Rating Reaffirmed by RBC Capital Markets; The $33.00 Target Indicates 22.22% Potential, 5 Analysts Are Bullish Shell Midstream Partners LP (SHLX) Last Week

June 20, 2017 - By Henry Gaston

Among 7 analysts covering Shell Midstream Partners (NYSE:SHLX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Shell Midstream Partners had 10 analyst reports since July 2, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Monday, May 2. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 9. On Monday, November 30 the stock rating was reinitiated by Evercore with “Buy”. The firm earned “Equal-Weight” rating on Thursday, June 16 by Morgan Stanley. Barclays Capital downgraded Shell Midstream Partners LP (NYSE:SHLX) rating on Thursday, November 10. Barclays Capital has “Equal Weight” rating and $29 target. The firm has “Overweight” rating by JP Morgan given on Wednesday, February 1. Stifel Nicolaus initiated Shell Midstream Partners LP (NYSE:SHLX) on Thursday, August 18 with “Buy” rating. Mizuho initiated the shares of SHLX in report on Friday, September 30 with “Buy” rating. The company was maintained on Thursday, July 2 by Barclays Capital. See Shell Midstream Partners LP (NYSE:SHLX) latest ratings:

01/02/2017 Broker: JP Morgan Rating: Overweight Initiate

Among 5 analysts covering Enviva Partners (NYSE:EVA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Enviva Partners has $33 highest and $20 lowest target. $27’s average target is 0.19% above currents $26.95 stock price. Enviva Partners had 6 analyst reports since November 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $22 target in Friday, February 19 report. RBC Capital Markets maintained Enviva Partners LP (NYSE:EVA) rating on Wednesday, March 8. RBC Capital Markets has “Outperform” rating and $33 target. The stock of Enviva Partners LP (NYSE:EVA) earned “Neutral” rating by Goldman Sachs on Thursday, September 22. The company was initiated on Friday, August 26 by Citigroup. The rating was initiated by Drexel Hamilton with “Buy” on Wednesday, June 8.

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The company has market cap of $685.35 million. The Firm procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers. It has a 35.14 P/E ratio. The Company’s principal product, utility-grade wood pellets, is a traded energy commodity that is used as a substitute for coal in both dedicated and co-fired power generation and combined heat and power plants.

About 62,791 shares traded or 8.52% up from the average. Enviva Partners LP (NYSE:EVA) has risen 23.39% since June 20, 2016 and is uptrending. It has outperformed by 6.69% the S&P500.

Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The company has market cap of $4.91 billion. The Firm conducts its activities through its subsidiary, Shell Midstream Operating, LLC. It has a 21.63 P/E ratio. The Company’s assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.

About 165,098 shares traded. Shell Midstream Partners LP (NYSE:SHLX) has declined 5.89% since June 20, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.

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