BNP Paribas Reiterates Neutral Rating for Royal Dutch Shell PLC (RDS.A)
Royal Dutch Shell PLC (NYSE:RDS.A)‘s stock had its “neutral” rating reissued by stock analysts at BNP Paribas in a research note issued to investors on Tuesday.
Several other equities analysts also recently commented on RDS.A. BMO Capital Markets upgraded Royal Dutch Shell PLC from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 15th. Vetr upgraded Royal Dutch Shell PLC from a “buy” rating to a “strong-buy” rating and set a $55.72 price objective for the company in a research report on Tuesday, June 14th. Jefferies Group restated a “buy” rating on shares of Royal Dutch Shell PLC in a research report on Sunday, July 10th. Zacks Investment Research upgraded Royal Dutch Shell PLC from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research report on Tuesday, July 12th. Finally, RBC Capital Markets downgraded Royal Dutch Shell PLC from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.47. The business earned $58.42 billion during the quarter, compared to analyst estimates of $60.82 billion. Royal Dutch Shell PLC had a negative net margin of 2.06% and a positive return on equity of 3.04%. The business’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were given a $0.799 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.20 annualized dividend and a yield of Infinity. Royal Dutch Shell PLC’s dividend payout ratio is currently -201.26%.
Royal Dutch Shell PLC Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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