Erste Group Bank Issues Positive Estimate for Shell Earnings

Key Points

• Erste Group Bank raised Shell’s FY2026 EPS estimate to $12.36 from $11.36, above the $11.51 consensus forecast, while maintaining a “Buy” rating.
• Shell has a broadly positive analyst outlook, with an average “Moderate Buy” rating and a consensus price target of $106.63; recent upgrades include Zacks Research moving the stock to “Strong Buy.”
• Shell’s latest quarterly results exceeded expectations, with EPS of $3.52 versus $3.23 expected and revenue of $94.66 billion compared with an $86.22 billion consensus estimate.

Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) - Equities researchers at Erste Group Bank boosted their FY2026 earnings estimates for shares of Shell in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the energy company will post earnings per share of $12.36 for the year, up from their previous estimate of $11.36. Erste Group Bank has a "Buy" rating on the stock. The consensus estimate for Shell's current full-year earnings is $11.51 per share.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Mizuho set a $103.00 price target on Shell in a report on Monday. Piper Sandler raised their price target on Shell from $89.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. HSBC restated a "buy" rating on shares of Shell in a research note on Friday, September 25th. Finally, Weiss Ratings raised Shell from a "buy (b)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and an average target price of $106.63.

Shell Price Performance

Shares of NYSE:SHEL opened at $102.95 on Wednesday. Shell has a 52 week low of $68.63 and a 52 week high of $103.09. The company has a 50-day moving average price of $94.16 and a 200 day moving average price of $88.98. The company has a market cap of $288.63 billion, a P/E ratio of 11.36, a PEG ratio of 0.86 and a beta of 0.10. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allied Investment Advisors LLC increased its holdings in Shell by 1.0% in the third quarter. Allied Investment Advisors LLC now owns 206,455 shares of the energy company's stock valued at $19,624,000 after buying an additional 2,112 shares in the last quarter. Signal Advisors Wealth LLC purchased a new stake in shares of Shell during the 3rd quarter worth approximately $220,000. Krilogy Financial LLC boosted its stake in shares of Shell by 6.4% during the 3rd quarter. Krilogy Financial LLC now owns 3,005 shares of the energy company's stock worth $305,000 after acquiring an additional 180 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings in shares of Shell by 9.8% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 8,415 shares of the energy company's stock worth $800,000 after acquiring an additional 752 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in shares of Shell by 24.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 5,465 shares of the energy company's stock worth $519,000 after acquiring an additional 1,086 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Refining margins point to a potentially strong quarter: Shell indicated that its refining margin could rise to approximately $42 per barrel, improving expectations for near-term earnings and cash flow. Shell refining margin article
• Positive Sentiment: Offshore production is recovering: Shell and Chevron are leading the restart of U.S. Gulf oil production following Hurricane Isaias, with facilities reporting no storm damage. A faster return to operations limits production losses. U.S. Gulf production recovery article
• Positive Sentiment: Growth investments and estimates improved: Shell agreed to acquire a 30% stake in Equinor’s Bay du Nord project in Canada, adding long-term offshore exposure while emphasizing capital discipline. Erste Group also raised its FY2027 EPS forecast to $10.20 from $9.60 and maintained a Buy rating. Bay du Nord and earnings estimate article
• Positive Sentiment: Energy-transition initiatives expanded: UK charging operator Source added its sites to the Shell Card roaming network, while Shell and Singapore LNG shipped their first bio-LNG volumes. These moves broaden Shell’s lower-carbon and mobility businesses. Shell Card charging network article
• Neutral Sentiment: Portfolio reshaping continued: Shell plans to sell its Nigerian domestic gas-distribution business to Vaaris Energy, simplifying the portfolio and releasing capital but also reducing exposure to a local growth operation. Shell Nigeria gas business sale article
• Negative Sentiment: Australia regulatory risk increased: Shell criticized Canberra’s proposed gas-reserve requirements, warning they could distort the market and cause market failure. The policy could constrain LNG exports or reduce pricing flexibility. Australia gas reserve plan article

Shell Company Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, transportation and marketing of oil and natural gas, with an increasing focus on liquefied natural gas (LNG), lower-carbon energy and energy-transition solutions.

The company supplies fuels, lubricants, chemicals and other energy products to businesses, transportation customers and consumers. Shell also operates a network of retail service stations and provides charging services for electric vehicles, renewable power and related energy solutions.

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