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

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

Shell Price Performance

NYSE:SHEL traded up $1.86 during mid-day trading on Thursday, reaching $66.64. 2,758,143 shares of the stock were exchanged, compared to its average volume of 4,188,712. The business has a fifty day moving average price of $64.17 and a 200 day moving average price of $67.42. The firm has a market capitalization of $203.76 billion, a PE ratio of 13.72, a PEG ratio of 5.89 and a beta of 0.55. Shell has a 1-year low of $60.15 and a 1-year high of $74.61. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $79.69.

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.