Societe Generale Downgrades Royal Dutch Shell PLC (RDS.A) to Hold
Societe Generale downgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a buy rating to a hold rating in a research report released on Friday morning, Marketbeat Ratings reports.
A number of other research firms also recently weighed in on RDS.A. Zacks Investment Research downgraded shares of Royal Dutch Shell PLC from a hold rating to a sell rating in a research report on Thursday, August 31st. Piper Jaffray Companies reiterated a buy rating and issued a $62.00 price target on shares of Royal Dutch Shell PLC in a research report on Thursday, September 28th. Jefferies Group LLC set a $65.00 price target on shares of Royal Dutch Shell PLC and gave the company a buy rating in a research report on Friday, August 18th. Finally, Scotiabank set a $54.00 price target on shares of Royal Dutch Shell PLC and gave the company a hold rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $58.78.
Shares of Royal Dutch Shell PLC (RDS.A) opened at $65.28 on Friday. Royal Dutch Shell PLC has a 1-year low of $48.07 and a 1-year high of $65.83. The stock has a market capitalization of $268,190.00, a P/E ratio of 20.55, a PEG ratio of 3.62 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40.
Royal Dutch Shell PLC (NYSE:RDS.A) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.32). Royal Dutch Shell PLC had a return on equity of 6.64% and a net margin of 3.71%. The firm had revenue of $75.83 billion for the quarter, compared to the consensus estimate of $74.15 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 22.6% on a year-over-year basis. equities research analysts expect that Royal Dutch Shell PLC will post 3.54 EPS for the current year.
About Royal Dutch Shell PLC
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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