Zacks Investment Research lowered shares of Royal Dutch Shell (NYSE:RDS.A) from a buy rating to a hold rating in a report released on Thursday.
According to Zacks, “Hold-rated Royal Dutch Shell’s shares have handily beaten the Zacks Oil & Gas International Integrated industry over the last year (+29.4% vs. +14.1%). The outperformance was supported by the company’s impressive earnings surprise history, having surpassed expectations in three of the trailing four quarters. Shell ended 2017 on a solid note with the integrated behemoth's fourth-quarter upstream unit profit soaring from the year-ago period thanks to steady commodity price recovery. Importantly, the Anglo-Dutch company generated healthy cash flows yet again, allowing it to cut debt and cover its cash dividend. However, with production volumes going down, Shell's near-to-medium term revenue outlook remains cloudy. Hence, we advise investors to wait for a better entry point before buying shares.”
A number of other research firms have also weighed in on RDS.A. Cowen upped their price objective on shares of Royal Dutch Shell from $66.00 to $80.00 and gave the stock an outperform rating in a research note on Monday, January 22nd. ValuEngine raised shares of Royal Dutch Shell from a hold rating to a buy rating in a research note on Friday, February 2nd. Howard Weil upgraded shares of Royal Dutch Shell to an outperform rating in a report on Friday, December 22nd. Macquarie upgraded shares of Royal Dutch Shell from a neutral rating to an outperform rating in a report on Monday, December 4th. Finally, Scotiabank reiterated a hold rating and issued a $67.00 target price on shares of Royal Dutch Shell in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $63.40.
Royal Dutch Shell (NYSE:RDS.A) last released its quarterly earnings data on Thursday, February 1st. The energy company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. Royal Dutch Shell had a net margin of 4.22% and a return on equity of 7.84%. The company had revenue of $85.42 billion during the quarter. analysts anticipate that Royal Dutch Shell will post 4.93 EPS for the current year.
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Royal Dutch Shell Company Profile
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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