Shell's (SHEL) Hold Rating Reaffirmed at Erste Group Bank

Key Points

• Erste Group Bank reaffirmed a Hold rating on Shell, and the Street consensus is also Hold with an average price target of $97.33 (1 Strong Buy, 5 Buy, 14 Hold).
• Shell reported quarterly EPS of $1.14, missing estimates by $0.07, and revenue of $64.09 billion versus $65.82 billion expected, while analysts forecast roughly 9.97 EPS for the current year.
• Shares trade near $89.26 with a 12‑month range of $64.81–$94.90, a market cap of about $252.8 billion and a P/E of 14.88.

Shell (NYSE:SHEL - Get Free Report)'s stock had its "hold" rating reaffirmed by Erste Group Bank in a research note issued on Tuesday, MarketBeat reports.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company boosted their target price on Shell from $77.00 to $94.00 and gave the company an "equal weight" rating in a report on Thursday, April 9th. Piper Sandler boosted their target price on Shell from $89.00 to $106.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. TD Cowen dropped their target price on Shell from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Morgan Stanley lowered Shell from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada lowered Shell from an "outperform" rating to a "sector perform" rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $97.33.

Shell Price Performance

Shares of NYSE SHEL opened at $89.26 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Shell has a twelve month low of $64.81 and a twelve month high of $94.90. The stock has a 50 day moving average of $88.67 and a two-hundred day moving average of $79.43. The stock has a market cap of $252.77 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.48 and a beta of 0.08.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.07). The company had revenue of $64.09 billion during the quarter, compared to analyst estimates of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. On average, research analysts forecast that Shell will post 9.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SHEL. Kohmann Bosshard Financial Services LLC acquired a new position in Shell during the fourth quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in Shell during the third quarter worth $31,000. Grey Fox Wealth Advisors LLC acquired a new position in Shell during the third quarter worth $34,000. Zions Bancorporation National Association UT grew its holdings in Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock worth $35,000 after acquiring an additional 308 shares during the period. Finally, Nalls Sherbakoff Group LLC purchased a new stake in Shell during the fourth quarter worth $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Company Profile

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.