Shell (NYSE:SHEL - Get Free Report) had its price target dropped by analysts at TD Cowen from $82.00 to $76.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the energy company's stock. TD Cowen's price target suggests a potential upside of 22.49% from the stock's current price.
A number of other equities research analysts have also recently issued reports on SHEL. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has a consensus rating of "Buy" and a consensus target price of $77.73.
Get Our Latest Stock Analysis on Shell
Shell Stock Performance
NYSE SHEL traded up $2.27 during mid-day trading on Tuesday, reaching $62.05. 8,668,886 shares of the stock were exchanged, compared to its average volume of 4,316,682. Shell has a 1 year low of $58.55 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The business's 50 day moving average is $67.56 and its 200-day moving average is $66.20. The company has a market capitalization of $187.61 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.98 and a beta of 0.27.
Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities research analysts forecast that Shell will post 7.67 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. EP Wealth Advisors LLC grew its position in Shell by 22.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 16,713 shares of the energy company's stock valued at $1,102,000 after acquiring an additional 3,087 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Shell in the third quarter valued at approximately $202,000. Orion Portfolio Solutions LLC increased its stake in Shell by 6.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 63,004 shares of the energy company's stock worth $4,155,000 after buying an additional 4,074 shares during the period. MML Investors Services LLC increased its holdings in Shell by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 126,821 shares of the energy company's stock worth $8,364,000 after purchasing an additional 1,794 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in Shell by 11.3% in the third quarter. Coldstream Capital Management Inc. now owns 12,183 shares of the energy company's stock valued at $803,000 after acquiring an additional 1,240 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.
About Shell
(
Get Free Report)
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.
Further Reading
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
