Royal Dutch Shell plc (NYSE:RDS.A) Receives Average Rating of “Buy” from Analysts
Shares of Royal Dutch Shell plc (NYSE:RDS.A) have earned an average recommendation of “Buy” from the twenty analysts that are presently covering the company. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.90.
A number of equities analysts have issued reports on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Royal Dutch Shell plc in a report on Sunday, July 10th. Morgan Stanley downgraded shares of Royal Dutch Shell plc from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 30th. Vetr downgraded shares of Royal Dutch Shell plc from a “strong-buy” rating to a “hold” rating and set a $50.94 price objective on the stock. in a report on Monday, June 6th. BMO Capital Markets raised shares of Royal Dutch Shell plc from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 15th. Finally, Zacks Investment Research raised shares of Royal Dutch Shell plc from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a report on Tuesday, July 12th.
Royal Dutch Shell plc (NYSE:RDS.A) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.47. The company earned $58.42 billion during the quarter, compared to the consensus estimate of $60.82 billion. Royal Dutch Shell plc had a negative net margin of 2.06% and a positive return on equity of 3.04%. The business’s revenue was down 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a dividend yield of Infinity. The ex-dividend date was Wednesday, August 10th. Royal Dutch Shell plc’s dividend payout ratio is presently -201.26%.
About Royal Dutch Shell plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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