Royal Dutch Shell (RDS.A) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Royal Dutch Shell (NYSE:RDS.A) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $72.00 target price on the energy company’s stock.
According to Zacks, “Royal Dutch Shell shares have outperformed the Zacks Oil & Gas Integrated industry over the past month (+0.3% versus -1.4%) and it looks like the stock is poised for strong performance in 2019. The integrated behemoth's recent results have been driven by robust commodity prices and higher downstream earnings. Shell’s upstream unit profit has rebounded strongly thanks to steady commodity price recovery, while the integrated gas business — consisting of BG Group activities — impressed on the back of pricing gains. Importantly, the Anglo-Dutch company's position as a key supplier of LNG should benefit its long-term cash flow growth. Consequently, Shell is likely to offer substantial upside from the current price levels and is viewed as a preferred supermajor to own now.”
A number of other brokerages also recently weighed in on RDS.A. Royal Bank of Canada downgraded Royal Dutch Shell from an outperform rating to a sector perform rating in a research note on Tuesday, February 26th. Morgan Stanley downgraded Royal Dutch Shell from an equal weight rating to an underweight rating in a research note on Tuesday, January 22nd. Finally, Wells Fargo & Co initiated coverage on Royal Dutch Shell in a research note on Tuesday, December 18th. They issued an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Royal Dutch Shell presently has a consensus rating of Hold and a consensus price target of $79.75.
Royal Dutch Shell (NYSE:RDS.A) last released its quarterly earnings results on Thursday, January 31st. The energy company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $104.63 billion during the quarter, compared to the consensus estimate of $86.91 billion. Royal Dutch Shell had a return on equity of 10.58% and a net margin of 5.91%. Analysts expect that Royal Dutch Shell will post 5.26 earnings per share for the current year.
About Royal Dutch Shell
Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream 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 necessary to deliver gas to market.
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