What is Scotiabank's Forecast for Shell FY2025 Earnings?

Shell plc (NYSE:SHEL - Free Report) - Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of Shell in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the energy company will post earnings per share of $7.90 for the year, up from their previous forecast of $7.85. The consensus estimate for Shell's current full-year earnings is $7.67 per share. Scotiabank also issued estimates for Shell's FY2026 earnings at $7.75 EPS.

Several other equities research analysts also recently issued reports on the stock. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Finally, TD Securities raised their target price on shares of Shell from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $79.48.

Remove Ads

Shell Stock Performance

NYSE SHEL traded up $0.67 on Monday, hitting $71.95. 5,463,670 shares of the stock were exchanged, compared to its average volume of 3,964,497. The business's fifty day moving average is $67.17 and its 200 day moving average is $66.24. Shell has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a market capitalization of $217.56 billion, a PE ratio of 14.34, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. Shell's dividend payout ratio (DPR) is currently 56.97%.

Institutional Investors Weigh In On Shell

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the period. Fisher Asset Management LLC grew its stake in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after buying an additional 408,088 shares in the last quarter. Wellington Management Group LLP increased its holdings in Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock valued at $500,123,000 after buying an additional 238,705 shares during the period. Franklin Resources Inc. raised its position in shares of Shell by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after buying an additional 50,228 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after acquiring an additional 866,954 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

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.