Royal Dutch Shell PLC’s (RDS.A) “Neutral” Rating Reaffirmed at Citigroup Inc.
Several other brokerages have also recently weighed in on RDS.A. BNP Paribas restated a neutral rating on shares of Royal Dutch Shell PLC in a report on Tuesday. Zacks Investment Research cut Royal Dutch Shell PLC from a hold rating to a sell rating in a report on Tuesday, September 20th. Argus restated a buy rating and set a $60.00 target price on shares of Royal Dutch Shell PLC in a report on Wednesday, August 24th. Simmons restated an overweight rating on shares of Royal Dutch Shell PLC in a report on Thursday, August 11th. Finally, Liberum Capital cut Royal Dutch Shell PLC from a buy rating to a hold rating in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $59.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.53 by $0.47. The firm had revenue of $58.42 billion for 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%. Royal Dutch Shell PLC’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were issued a $0.799 dividend. This represents a $3.20 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend was Wednesday, August 10th. Royal Dutch Shell PLC’s dividend payout ratio (DPR) 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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