Shell (SHEL) to Post Quarterly Earnings on Thursday

Shell (NYSE:SHEL) is expected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Shell to post earnings of $1.74 per share and revenue of $65.02 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. On average, analysts expect Shell to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shell Stock Down 0.8 %

Shares of SHEL opened at $64.61 on Wednesday. The stock has a 50 day moving average price of $64.19 and a 200 day moving average price of $67.44. 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 stock has a market capitalization of $197.53 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 5.89 and a beta of 0.55. Shell has a one year low of $60.15 and a one year high of $74.61.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analysts Set New Price Targets

A number of analysts have commented on SHEL shares. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $79.69.

Shell Company Profile

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.