Scotiabank Issues Positive Forecast for Shell (NYSE:SHEL) Stock Price
by Teresa Graham · The Cerbat GemShell (NYSE:SHEL – Get Free Report) had its price objective raised by equities research analysts at Scotiabank from $91.00 to $122.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector outperform” rating on the energy company’s stock. Scotiabank’s target price indicates a potential upside of 36.37% from the company’s previous close.
A number of other equities research analysts have also weighed in on SHEL. Wall Street Zen lowered shares of Shell from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Piper Sandler boosted their price objective on shares of Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Jefferies Financial Group restated a “buy” rating on shares of Shell in a report on Thursday, January 8th. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada lowered shares of Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.33.
View Our Latest Research Report on Shell
Shell Price Performance
SHEL stock traded up $0.80 during midday trading on Wednesday, reaching $89.46. The company had a trading volume of 2,203,113 shares, compared to its average volume of 7,074,525. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.30 and a quick ratio of 1.03. Shell has a 1 year low of $64.02 and a 1 year high of $94.90. The company has a market capitalization of $253.34 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.52 and a beta of 0.10. The firm has a 50-day moving average price of $87.32 and a 200-day moving average price of $78.65.
Shell (NYSE:SHEL – Get Free Report) last released its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). Shell had a return on equity of 10.34% and a net margin of 6.52%.The company had revenue of $64.09 billion during the quarter, compared to analysts’ expectations of $65.82 billion. On average, research analysts anticipate that Shell will post 9.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Shell
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHEL. SG Americas Securities LLC raised its holdings in Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock valued at $23,236,000 after buying an additional 677,746 shares during the last quarter. Natixis Advisors LLC raised its holdings in Shell by 13.2% during the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock valued at $103,386,000 after buying an additional 167,983 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Shell by 452.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock valued at $6,910,000 after buying an additional 60,850 shares during the last quarter. Captrust Financial Advisors raised its holdings in Shell by 30.4% during the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after buying an additional 42,129 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Shell by 119.7% during the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock valued at $3,135,000 after buying an additional 23,243 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.
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.