HSBC cut shares of Royal Dutch Shell (NYSE:RDS.A) from a buy rating to a hold rating in a research report released on Tuesday, November 21st, Marketbeat Ratings reports.
A number of other brokerages have also weighed in on RDS.A. ValuEngine raised Royal Dutch Shell from a hold rating to a buy rating in a report on Thursday, November 9th. Zacks Investment Research lowered Royal Dutch Shell from a buy rating to a hold rating in a report on Wednesday, November 8th. Societe Generale lowered Royal Dutch Shell from a buy rating to a hold rating in a report on Friday, November 3rd. Piper Jaffray Companies reissued a buy rating on shares of Royal Dutch Shell in a report on Thursday, October 19th. Finally, Jefferies Group reissued a buy rating and issued a $63.20 price objective on shares of Royal Dutch Shell in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $60.40.
Shares of Royal Dutch Shell (RDS.A) traded down $0.49 during midday trading on Tuesday, hitting $63.50. The company had a trading volume of 2,487,610 shares, compared to its average volume of 3,519,206. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $264,830.00, a PE ratio of 20.56, a P/E/G ratio of 3.53 and a beta of 1.08. Royal Dutch Shell has a 1 year low of $50.32 and a 1 year high of $65.83.
Royal Dutch Shell (NYSE:RDS.A) last announced its earnings results 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). Royal Dutch Shell had a net margin of 3.71% and a return on equity of 6.64%. The business had revenue of $75.83 billion for the quarter, compared to analyst estimates of $74.15 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. analysts predict that Royal Dutch Shell will post 3.63 EPS for the current year.
About Royal Dutch Shell
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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