Shell (SHEL) to Release Earnings on Thursday

Shell (NYSE:SHEL) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.74 per share and revenue of $65,017,300.00 billion for the quarter. Investors that wish to register for the company’s 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 net margin of 5.17% and a return on equity of 14.54%. The firm had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter in the previous year, the business posted $1.86 EPS. On average, analysts expect Shell to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shell Price Performance

Shares of NYSE SHEL opened at $65.12 on Tuesday. 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 company has a 50 day simple moving average of $64.21 and a two-hundred day simple moving average of $67.50. Shell has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a market capitalization of $199.11 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SHEL shares. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Shell currently has an average rating of “Buy” and an average target price 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.