Scotiabank Weighs in on Shell’s FY2026 Earnings (NYSE:SHEL)

Shell PLC Unsponsored ADR (NYSE:SHEL) – Analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Shell in a research report issued on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the energy company will post earnings of $11.55 per share for the year, up from their previous estimate of $4.75. Scotiabank currently has a “Sector Outperform” rating and a $122.00 target price on the stock. The consensus estimate for Shell’s current full-year earnings is $8.75 per share. Scotiabank also issued estimates for Shell’s FY2027 earnings at $11.65 EPS.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, February 6th. The energy company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.07). The company had revenue of $64.09 billion during the quarter, compared to analysts’ expectations of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%.

Several other equities analysts also recently commented on SHEL. Piper Sandler upped their price objective on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Wall Street Zen downgraded shares of Shell from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Rothschild & Co Redburn downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Royal Bank Of Canada downgraded shares of Shell from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Finally, Zacks Research raised shares of Shell from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.33.

Shell Stock Performance

Shares of NYSE:SHEL opened at $86.86 on Tuesday. The company has a market cap of $245.98 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.55 and a beta of 0.10. The company has a 50-day moving average price of $88.10 and a 200-day moving average price of $79.06. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Shell has a 12 month low of $64.02 and a 12 month high of $94.90.

Hedge Funds Weigh In On Shell

Several hedge funds and other institutional investors have recently modified their holdings of SHEL. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after buying an additional 2,545 shares during the period. AQR Capital Management LLC grew its holdings in Shell by 70.1% in the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock worth $2,386,000 after purchasing an additional 13,419 shares during the period. IHT Wealth Management LLC grew its holdings in Shell by 31.6% in the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock worth $838,000 after purchasing an additional 2,857 shares during the period. Captrust Financial Advisors grew its holdings in Shell by 5.5% in the second quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after purchasing an additional 7,179 shares during the period. Finally, Ethic Inc. grew its holdings in Shell by 11.8% in the third quarter. Ethic Inc. now owns 10,826 shares of the energy company’s stock worth $774,000 after purchasing an additional 1,141 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Acquisition materially boosts production and reserves — Shell agreed to acquire ARC Resources, adding roughly 370 kboe/d and expanding its footprint in the Montney shale basin, which management says will lift production CAGR through 2030 and provide long?duration, low?cost supply that can drive cash flow for years. Shell to buy ARC Resources in $16.4 billion deal
• Positive Sentiment: Deal expected to be accretive/attractive returns — Shell and analyst reports cite double?digit return potential and immediate scale in oil & gas output that can bolster near?term cash generation and dividends if realized. Oil giant Shell agrees to buy Canada’s ARC Resources for $16.4 billion
• Neutral Sentiment: Strategic rationale framed as accelerating Shell’s plans — company statements position the deal as aligned with strategy to add low?carbon?intensity gas and liquids, supporting a transition while securing supply. Execution and timing remain key variables. Shell announces agreement to acquire ARC Resources
• Negative Sentiment: Deal size and financing raise near?term concerns — the transaction is a multibillion-dollar buy (reported $13.6–$16.4B EV) funded with ~75% Shell stock and 25% cash, which dilutes existing holders, increases complexity and brings debt assumption — factors that pressured the share price. Shell Makes a $16 Billion Canadian Acquisition
• Negative Sentiment: Short?term investor reaction and fundamentals — shares have moved lower on the news amid heavy trading; the company also missed on the most recent quarterly EPS and revenue, which compounds near?term skepticism about returns and timing of the refocus. Shell (SHEL) Stock Sinks As Market Gains
• Neutral Sentiment: Refocusing is a multi?year process — management warns improvements will take time, so investors should expect execution risk and a gradual realization of strategic benefits. Shell: Refocusing Will Take Time (Probably A Few Years)

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.