Erste Group Bank Brokers Boost Earnings Estimates for Shell

Key Points

• Erste Group Bank raised Shell’s FY2026 EPS estimate to $11.20 from $11.18 and maintained a “Buy” rating, above the broader consensus estimate of $10.84. It projects FY2027 EPS of $9.46.
• Shell’s latest quarterly results exceeded expectations, with EPS of $3.52 versus the $3.23 consensus and revenue of $94.66 billion versus $86.22 billion expected.
• Shell shares opened at $96.00, near their 12-month high of $96.99. Despite seven “Buy” ratings, 11 analysts rate the stock “Hold,” producing a consensus rating of “Hold” and an average price target of $107.46.

Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) - Research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for shares of Shell in a research report issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the energy company will earn $11.20 per share for the year, up from their prior forecast of $11.18. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Shell's current full-year earnings is $10.84 per share. Erste Group Bank also issued estimates for Shell's FY2027 earnings at $9.46 EPS.

Several other brokerages have also weighed in on SHEL. Mizuho began coverage on shares of Shell in a report on Monday, July 20th. They set a "neutral" rating and a $98.00 price objective on the stock. Morgan Stanley set a $101.30 price target on shares of Shell and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Piper Sandler boosted their price objective on shares of Shell from $89.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Shell to $122.40 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $107.46.

Shell Stock Up 0.4%

Shares of NYSE:SHEL opened at $96.00 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $269.14 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.85 and a beta of 0.05. The stock's 50-day moving average price is $89.07 and its two-hundred day moving average price is $87.33. Shell has a 12-month low of $68.63 and a 12-month high of $96.99.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The business had revenue of $94.66 billion for the quarter, compared to analysts' expectations of $86.22 billion.

Institutional Trading of Shell

Several institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its stake in shares of Shell by 300.7% in the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company's stock worth $65,193,000 after buying an additional 630,948 shares in the last quarter. Waverly Advisors LLC boosted its stake in Shell by 307.1% during the second quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company's stock valued at $31,624,000 after buying an additional 307,671 shares in the last quarter. Cibc World Market Inc. grew its holdings in Shell by 66.3% during the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company's stock worth $45,441,000 after acquiring an additional 233,634 shares during the period. Van ECK Associates Corp raised its position in Shell by 44.3% in the second quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company's stock worth $49,870,000 after acquiring an additional 197,551 shares in the last quarter. Finally, Cullen Capital Management LLC lifted its holdings in Shell by 50.0% in the 2nd quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company's stock valued at $34,774,000 after acquiring an additional 149,430 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Higher European gas prices support earnings outlook: European natural-gas prices have reached a four-year high, potentially improving returns from Shell’s LNG, gas trading and related businesses. The stronger commodity environment is also lifting sentiment toward major energy producers. European Natural Gas Surges to 4-Year High
• Positive Sentiment: Shell sells RISEC power plant for $715 million: Shell agreed to sell its interest in the Rhode Island State Energy Center to Constellation Energy for $715 million. The transaction supports Shell’s effort to streamline and actively manage its North American power portfolio, while providing cash that can be redeployed to higher-priority businesses. Shell will acquire the Hunlock Creek plant as part of the broader portfolio reshaping. Shell sells its interest in RISEC to Constellation
• Positive Sentiment: Expansion in Angola exploration: Shell, QatarEnergy and Sonangol are partnering on offshore blocks in Angola described as promising. Successful exploration could add longer-term oil and gas resources, although any financial contribution is likely distant. Shell, QatarEnergy and Sonangol team up for promising Angola offshore blocks
• Positive Sentiment: Retail-fuels footprint expands: Shell is taking full ownership of Tri Star and adding 320 sites, strengthening its branded mobility and service-station network. The move could improve downstream scale, though benefits will depend on purchase terms and execution. Shell Signs Deal to Take Full Ownership of Tri Star
• Neutral Sentiment: Shell and FAW Trucks are testing immersion-cooled battery packs for hybrid commercial vehicles. The project supports Shell’s lower-carbon technology strategy but is still at the testing stage and is unlikely to materially affect near-term results. Shell, FAW Trucks Test Immersion-Cooled Battery Pack

Shell Company Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.

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