Shell (SHEL) to Release Earnings on Thursday

Shell (NYSE:SHEL) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Shell to post earnings of $1.74 per share and revenue of $65.02 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period in the previous year, the company posted $1.86 earnings per share. On average, analysts expect Shell to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shell Stock Down 0.8 %

Shares of NYSE:SHEL opened at $64.61 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a market cap of $197.53 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The firm’s 50 day moving average price is $64.19 and its 200 day moving average price is $67.44.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.26%. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SHEL shares. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Piper Sandler dropped their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.