Royal Dutch Shell plc Downgraded by Goldman Sachs to Neutral (RDS.A)
Royal Dutch Shell plc (NASDAQ:RDS.A) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.72 by $0.22. The company had revenue of $111.22 billion for the quarter, compared to the consensus estimate of $112.80 billion. The company’s quarterly revenue was up 1.4% on a year-over-year basis.
The company also recently announced a dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 13th.
RDS.A has been the subject of a number of other recent research reports. Analysts at Jefferies Group upgraded shares of Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Separately, analysts at Societe Generale upgraded shares of Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Royal Dutch Shell plc from a “neutral” rating to an “overweight” rating in a research note on Friday, July 11th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $80.00.
Royal Dutch Shell plc (NASDAQ:RDS) is an independent oil and gas company, based in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.