Royal Dutch Shell PLC (RDS.A) Stock Rating Lowered by Canaccord Genuity
Royal Dutch Shell PLC (NYSE:RDS.A) was downgraded by Canaccord Genuity from a “hold” rating to a “sell” rating in a research report issued on Friday.
Other equities research analysts also recently issued reports about the company. Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell PLC in a report on Thursday. BNP Paribas reiterated a “neutral” rating on shares of Royal Dutch Shell PLC in a report on Tuesday. Zacks Investment Research downgraded Royal Dutch Shell PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Argus reiterated a “buy” rating and set a $60.00 target price on shares of Royal Dutch Shell PLC in a report on Wednesday, August 24th. Finally, Simmons reiterated an “overweight” rating on shares of Royal Dutch Shell PLC in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Royal Dutch Shell PLC currently has a consensus rating of “Buy” and a consensus target price of $59.58.
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 firm earned $58.42 billion during the quarter, compared to analyst estimates 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 for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were given a dividend of $0.799 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.20 dividend on an annualized basis and a yield of Infinity. Royal Dutch Shell PLC’s dividend payout ratio is currently -201.26%.
Royal Dutch Shell PLC Company Profile
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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