Shell (NYSE:SHEL) Announces Earnings Results

Shell (NYSE:SHEL) announced its earnings results on Thursday. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54), Zacks reports. Shell had a net margin of 5.17% and a return on equity of 14.54%.

Shell Stock Performance

Shares of SHEL opened at $66.60 on Friday. Shell has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market capitalization of $203.62 billion, a PE ratio of 13.70, a P/E/G ratio of 6.46 and a beta of 0.55. The firm has a 50-day moving average price of $64.18 and a 200 day moving average price of $67.41. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $79.69.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.