Shell (NYSE:SHEL) Price Target Raised to $80.00

Key Points

• TD Cowen has raised Shell's price target to $80.00, suggesting a potential upside of 6.59% from its current price, with a "buy" rating on the stock.
• Shell currently has an average rating of Moderate Buy with a consensus price target of $77.61, reflecting a mix of ratings from various analysts.
• The energy company reported quarterly earnings of $1.42 EPS, exceeding estimates, while its revenue fell slightly short of consensus expectations at $66.44 billion.

Shell (NYSE:SHEL - Get Free Report) had its target price increased by research analysts at TD Cowen from $78.00 to $80.00 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a "buy" rating on the energy company's stock. TD Cowen's target price would suggest a potential upside of 6.59% from the company's current price.

Several other research analysts also recently commented on the stock. Melius started coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Wolfe Research lowered Shell from an "outperform" rating to a "peer perform" rating in a report on Wednesday. Melius Research began coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective on the stock. Hsbc Global Res downgraded Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, August 4th. Finally, Santander cut shares of Shell to a "neutral" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.61.

Shell Stock Performance

NYSE SHEL opened at $75.06 on Thursday. The company has a market cap of $219.37 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.95 and a beta of 0.39. The business's 50 day moving average price is $72.44 and its 200-day moving average price is $69.74. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $75.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Sell-side analysts predict that Shell will post 7.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Avalon Trust Co purchased a new stake in shares of Shell during the first quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in Shell during the 2nd quarter worth about $25,000. Brown Lisle Cummings Inc. grew its holdings in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after acquiring an additional 181 shares during the period. Truvestments Capital LLC lifted its holdings in Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock valued at $31,000 after acquiring an additional 213 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in shares of Shell by 50.5% during the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company's stock worth $35,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

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.

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