Royal Dutch Shell PLC (RDS.A) Receives “Neutral” Rating from Citigroup Inc.
Royal Dutch Shell PLC (NYSE:RDS.A)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc. in a research report issued on Thursday.
A number of other equities research analysts have also recently commented on RDS.A. 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 research report on Monday, July 25th. Zacks Investment Research cut Royal Dutch Shell PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Simmons reiterated an “overweight” rating on shares of Royal Dutch Shell PLC in a report on Thursday, August 11th. Argus reiterated a “buy” rating and issued a $60.00 price objective on shares of Royal Dutch Shell PLC in a report on Wednesday, August 24th. Finally, Jefferies Group reiterated a “buy” rating on shares of Royal Dutch Shell PLC in a report on Thursday, June 30th. One 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’s stock. Royal Dutch Shell PLC currently has a consensus rating of “Buy” and a consensus 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 Zacks’ consensus estimate of $0.53 by $0.47. The company had revenue of $58.42 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS.
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The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a dividend yield of Infinity. The ex-dividend date was Wednesday, August 10th. Royal Dutch Shell PLC’s payout ratio is presently -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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