FY2027 EPS Estimates for Shell Boosted by Erste Group Bank

Shell PLC Unsponsored ADR (NYSE:SHEL) – Analysts at Erste Group Bank increased their FY2027 EPS estimates for Shell in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the energy company will post earnings of $9.28 per share for the year, up from their prior forecast of $9.04. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Shell’s current full-year earnings is $10.31 per share.

Several other research analysts also recently commented on SHEL. Wells Fargo & Company increased their price objective on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Jefferies Financial Group upped their target price on shares of Shell to $122.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.17.

Shell Price Performance

Shares of Shell stock opened at $89.97 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The business has a 50 day simple moving average of $84.11 and a two-hundred day simple moving average of $84.82. The stock has a market capitalization of $252.23 billion, a P/E ratio of 9.93, a PEG ratio of 0.58 and a beta of 0.05. Shell has a 12 month low of $68.63 and a 12 month high of $94.90.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion.

Institutional Trading of Shell

Several hedge funds have recently made changes to their positions in the company. Uptick Partners LLC increased its holdings in shares of Shell by 5.1% during the 2nd quarter. Uptick Partners LLC now owns 6,373 shares of the energy company’s stock worth $494,000 after buying an additional 310 shares during the last quarter. Madison Asset Management LLC grew its position in Shell by 22.5% in the second quarter. Madison Asset Management LLC now owns 19,742 shares of the energy company’s stock worth $1,531,000 after acquiring an additional 3,628 shares during the period. Csenge Advisory Group increased its stake in Shell by 20.5% during the second quarter. Csenge Advisory Group now owns 5,503 shares of the energy company’s stock worth $427,000 after acquiring an additional 937 shares during the last quarter. Crescent Grove Advisors LLC raised its position in Shell by 84.8% in the second quarter. Crescent Grove Advisors LLC now owns 4,687 shares of the energy company’s stock valued at $363,000 after purchasing an additional 2,151 shares during the period. Finally, West Family Investments Inc. grew its holdings in shares of Shell by 63.6% during the 2nd quarter. West Family Investments Inc. now owns 12,116 shares of the energy company’s stock worth $939,000 after purchasing an additional 4,708 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.