Royal Dutch Shell PLC (RDS.A) Downgraded by Canaccord Genuity
Canaccord Genuity downgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a hold rating to a sell rating in a research note published on Friday, The Fly reports.
Several other analysts have also issued reports on RDS.A. Jefferies Group restated a buy rating on shares of Royal Dutch Shell PLC in a report on Sunday, July 10th. Zacks Investment Research upgraded shares of Royal Dutch Shell PLC from a sell rating to a hold rating and set a $63.00 price objective on the stock in a report on Tuesday, July 12th. RBC Capital Markets lowered shares of Royal Dutch Shell PLC from an outperform rating to a sector perform rating in a report on Monday, August 1st. Citigroup Inc. reiterated a neutral rating on shares of Royal Dutch Shell PLC in a research note on Thursday, October 13th. Finally, Vetr upgraded shares of Royal Dutch Shell PLC from a hold rating to a buy rating and set a $60.50 price target on the stock in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $58.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.47. The company earned $58.42 billion during the quarter, compared to analysts’ expectations of $60.82 billion. Royal Dutch Shell PLC had a negative net margin of 2.06% and a positive return on equity of 3.04%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a dividend of $0.799 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date was Wednesday, August 10th. Royal Dutch Shell PLC’s dividend payout ratio is presently -201.26%.
About Royal Dutch Shell PLC
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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