Shell (NYSE:SHEL) Posts Earnings Results, Misses Estimates By $0.54 EPS

Shell (NYSE:SHEL) released its earnings results on Thursday. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54), Zacks reports. Shell had a net margin of 5.17% and a return on equity of 14.54%.

Shell Trading Up 3.2 %

Shares of Shell stock traded up $2.09 on Thursday, reaching $66.87. The company had a trading volume of 1,410,805 shares, compared to its average volume of 4,100,666. Shell has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The firm’s 50 day moving average price is $64.17 and its two-hundred day moving average price is $67.42. The firm has a market cap of $204.47 billion, a PE ratio of 13.75, a PEG ratio of 5.89 and a beta of 0.55.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SHEL shares. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.