Royal Dutch Shell PLC (RDS.A) Upgraded to Strong-Buy by Vetr Inc.
Royal Dutch Shell PLC (NYSE:RDS.A) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $60.50 price objective on the stock.
RDS.A has been the topic of a number of other reports. Zacks Investment Research lowered shares of Royal Dutch Shell PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Jefferies Group reissued a “buy” rating on shares of Royal Dutch Shell PLC in a report on Sunday, July 10th. Morgan Stanley lowered shares of Royal Dutch Shell PLC from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 30th. BMO Capital Markets raised shares of Royal Dutch Shell PLC from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 15th. Finally, Evercore ISI raised shares of Royal Dutch Shell PLC from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $59.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.47. The business earned $58.42 billion during the quarter, compared to the consensus estimate of $60.82 billion. Royal Dutch Shell PLC had a positive return on equity of 3.04% and a negative net margin of 2.06%. The business’s quarterly revenue was down 19.3% on a year-over-year basis. During the same period last year, the firm earned $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 paid a $0.799 dividend. The ex-dividend date of this dividend 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 (DPR) is -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.
To view Vetr’s full report, visit Vetr’s official website.
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