Royal Dutch Shell PLC (RDS.A) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $71.00 target price on the energy company’s stock.
According to Zacks, “We take a positive stance on Royal Dutch Shell plc. In particular, there are a few reasons to be bullish on Europe's largest oil company, whose ADRs have handily outperformed smaller rival BP over the past year. While the Buy-rated supermajor has been able to manage its expenses and progress on its large divestment program, the remarkable speed of its BG integration is what stands apart. Importantly, the company generated a surge in cash flows during the most recent quarter, allowing it to cut debt and cover its cash dividend. As it is, we are a fan of the company's strong and diversified portfolio of development projects that offer attractive long-term opportunities.”
A number of other research analysts have also recently weighed in on RDS.A. Piper Jaffray Companies restated a buy rating on shares of Royal Dutch Shell PLC in a research report on Thursday, October 19th. Jefferies Group LLC set a $63.00 price target on Royal Dutch Shell PLC and gave the company a buy rating in a research report on Tuesday, August 29th. Finally, Scotiabank set a $54.00 price target on Royal Dutch Shell PLC and gave the company a hold rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $58.78.
Royal Dutch Shell PLC (NYSE:RDS.A) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.32). The business had revenue of $75.83 billion during the quarter, compared to analysts’ expectations of $74.15 billion. Royal Dutch Shell PLC had a return on equity of 6.04% and a net margin of 2.91%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
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Royal Dutch Shell PLC Company Profile
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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