Zacks Investment Research upgraded shares of Royal Dutch Shell (NYSE:RDS.A) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning. Zacks Investment Research currently has $79.00 target price on the energy company’s stock.
According to Zacks, “We take a positive stance on Royal Dutch Shell plc. In particular, there are a few reasons to be bullish on Europe's largest oil company, whose ADRs have handily outperformed smaller rival BP over the past year. While the Strong Buy-rated supermajor has been able to manage its expenses and progress on its large divestment program, the remarkable speed of its BG integration is what stands apart. Importantly, the company generated a surge in cash flows during the most recent quarter, allowing it to cut debt and cover its cash dividend. As it is, we are a fan of the company's strong and diversified portfolio of development projects that offer attractive long-term opportunities.”
RDS.A has been the subject of several other research reports. HSBC cut shares of Royal Dutch Shell from a buy rating to a hold rating in a research note on Tuesday, November 21st. Piper Jaffray Companies restated a buy rating and issued a $62.00 target price on shares of Royal Dutch Shell in a research note on Thursday, September 28th. Jefferies Group restated a buy rating and issued a $63.20 target price on shares of Royal Dutch Shell in a research note on Friday, October 6th. Societe Generale cut shares of Royal Dutch Shell from a buy rating to a hold rating in a research note on Friday, November 3rd. Finally, Macquarie upgraded shares of Royal Dutch Shell from a neutral rating to an outperform rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $62.17.
Royal Dutch Shell (RDS.A) traded up $0.27 during midday trading on Monday, hitting $69.04. 2,306,800 shares of the company were exchanged, compared to its average volume of 2,731,157. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.23 and a quick ratio of 0.91. The stock has a market cap of $293,720.00, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Royal Dutch Shell has a 1 year low of $50.32 and a 1 year high of $69.32.
Royal Dutch Shell (NYSE:RDS.A) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.32). Royal Dutch Shell had a return on equity of 6.64% and a net margin of 3.71%. The business had revenue of $75.83 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. equities analysts expect that Royal Dutch Shell will post 3.67 earnings per share for the current year.
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About Royal Dutch Shell
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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