FY2027 EPS Estimates for Shell Increased by Erste Group Bank

Key Points

• Erste Group Bank raised Shell’s FY2027 EPS estimate to $9.28 from $9.04, while maintaining a “Hold” rating; the broader consensus is $10.31 per share.
• 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.
• Analyst sentiment remains mixed, with five Buy ratings and fourteen Holds; Shell’s average price target is $102.17 compared with its $88.44 opening price.

Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) - Equities research analysts at Erste Group Bank upped their FY2027 earnings per share estimates for Shell in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the energy company will post earnings of $9.28 per share for the year, up from their prior estimate of $9.04. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Shell's current full-year earnings is $10.31 per share.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $86.22 billion.

Several other equities research analysts have also recently weighed in on SHEL. Mizuho started coverage on shares of Shell in a research report on Monday, July 20th. They issued a "neutral" rating and a $98.00 price target for the company. Scotiabank boosted their price objective on shares of Shell from $91.00 to $122.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 22nd. Jefferies Financial Group upped their target price on Shell to $122.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. Piper Sandler lifted their price target on Shell from $88.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Finally, TD Cowen restated a "buy" rating on shares of Shell in a research note on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $102.17.

Shell Stock Down 0.1%

Shares of Shell stock opened at $88.44 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The stock has a market cap of $247.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.58 and a beta of 0.05. The firm's 50-day moving average is $84.02 and its two-hundred day moving average is $84.70. Shell has a 1 year low of $68.63 and a 1 year high of $94.90.

Institutional Investors Weigh In On Shell

Several institutional investors have recently added to or reduced their stakes in SHEL. Foster & Motley Inc. acquired a new position in shares of Shell during the second quarter valued at about $1,379,000. Trust Co. of Vermont acquired a new stake in Shell in the 2nd quarter worth approximately $561,000. Financial Management Professionals Inc. grew its position in Shell by 2.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company's stock worth $372,000 after purchasing an additional 137 shares during the last quarter. Allied Private Wealth LLC purchased a new position in shares of Shell in the second quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Shell by 729.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,899 shares of the energy company's stock worth $147,000 after buying an additional 1,670 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

About Shell

Shell plc NYSE: SHEL is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell's principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source