Citigroup Inc. Reaffirms Neutral Rating for Royal Dutch Shell PLC (RDS.A)
Royal Dutch Shell PLC (NYSE:RDS.A)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. in a report released on Thursday.
A number of other equities research analysts have also recently commented on RDS.A. Zacks Investment Research cut Royal Dutch Shell PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Vetr upgraded Royal Dutch Shell PLC from a “buy” rating to a “strong-buy” rating and set a $60.50 target price on the stock in a report on Monday, July 25th. Jefferies Group reiterated a “buy” rating on shares of Royal Dutch Shell PLC in a report on Thursday, June 30th. Simmons reiterated an “overweight” rating on shares of Royal Dutch Shell PLC in a report on Thursday, August 11th. Finally, RBC Capital Markets cut Royal Dutch Shell PLC from an “outperform” rating to a “sector perform” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The company presently 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. Royal Dutch Shell PLC had a negative net margin of 2.06% and a positive return on equity of 3.04%. The firm earned $58.42 billion during the quarter, compared to analysts’ expectations of $60.82 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 19.3% on a year-over-year basis.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/citigroup-inc-reaffirms-neutral-rating-for-royal-dutch-shell-plc-rds-a.html
The business 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. This represents a $3.20 annualized dividend and a yield of Infinity. The ex-dividend date was Wednesday, August 10th. Royal Dutch Shell PLC’s dividend payout ratio (DPR) is presently -201.26%.
About Royal Dutch Shell PLC
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.
Receive News & Ratings for Royal Dutch Shell PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell PLC and related companies with MarketBeat.com's FREE daily email newsletter.