Shell (NYSE:SHEL) Issues Earnings Results, Misses Estimates By $0.54 EPS

Shell (NYSE:SHEL) released its quarterly earnings data on Thursday. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54), Zacks reports. Shell had a net margin of 5.17% and a return on equity of 14.54%.

Shell Price Performance

SHEL stock opened at $65.82 on Friday. The business’s fifty day moving average price is $64.17 and its 200 day moving average price is $67.36. Shell has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a market capitalization of $201.23 billion, a PE ratio of 13.54, a P/E/G ratio of 6.46 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.35%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio is 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.11.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.