Royal Dutch Shell PLC (RDS.A) Stock Rating Lowered by Canaccord Genuity
Royal Dutch Shell PLC (NYSE:RDS.A) was downgraded by research analysts at Canaccord Genuity from a “hold” rating to a “sell” rating in a note issued to investors on Friday, The Fly reports.
Several other research firms have also recently commented on RDS.A. Vetr raised Royal Dutch Shell PLC from a “buy” rating to a “strong-buy” rating and set a $60.50 price target for the company in a 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 reaffirmed an “overweight” rating on shares of Royal Dutch Shell PLC in a report on Thursday, August 11th. Argus reissued a “buy” rating and issued a $60.00 target price on shares of Royal Dutch Shell PLC in a report on Wednesday, August 24th. Finally, Jefferies Group reissued a “buy” rating on shares of Royal Dutch Shell PLC in a report on Thursday, June 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last announced its earnings results 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 business had revenue of $58.42 billion for the quarter, compared to the consensus estimate of $60.82 billion. During the same quarter in the previous year, the company earned $0.61 EPS. Royal Dutch Shell PLC’s revenue for the quarter was down 19.3% compared to the same quarter last year.
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The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a $0.799 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.20 annualized dividend and a dividend yield of Infinity. Royal Dutch Shell PLC’s dividend payout ratio is currently -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.
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