Scotiabank Has Negative Estimate for Shell FY2027 Earnings

Shell PLC Unsponsored ADR (NYSE:SHEL) – Investment analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Shell in a report issued on Wednesday, February 11th. Scotiabank analyst P. Cheng now expects that the energy company will post earnings of $5.85 per share for the year, down from their prior forecast of $6.35. The consensus estimate for Shell’s current full-year earnings is $7.67 per share.

Several other equities analysts have also weighed in on the stock. Piper Sandler dropped their price objective on shares of Shell from $93.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Shell in a report on Friday, October 31st. Royal Bank Of Canada downgraded shares of Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Citigroup reiterated a “neutral” rating on shares of Shell in a report on Monday, November 3rd. Finally, Bank of America cut shares of Shell from a “buy” rating to a “neutral” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shell currently has an average rating of “Hold” and a consensus price target of $81.33.

Shell Stock Performance

NYSE:SHEL opened at $78.78 on Monday. The firm has a market capitalization of $224.02 billion, a P/E ratio of 13.13, a P/E/G ratio of 5.81 and a beta of 0.16. Shell has a twelve month low of $58.54 and a twelve month high of $80.25. The company has a fifty day moving average of $74.18 and a 200-day moving average of $73.56. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 5th. The energy company reported $0.57 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.64). The business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%.

Institutional Investors Weigh In On Shell

Hedge funds have recently made changes to their positions in the business. Colonial Trust Advisors increased its position in Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares during the period. Argent Advisors Inc. grew its position in shares of Shell by 3.3% during the 3rd quarter. Argent Advisors Inc. now owns 4,717 shares of the energy company’s stock worth $337,000 after buying an additional 150 shares during the period. First PREMIER Bank raised its stake in shares of Shell by 6.1% during the third quarter. First PREMIER Bank now owns 2,653 shares of the energy company’s stock worth $190,000 after buying an additional 153 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after purchasing an additional 161 shares during the period. Finally, LRI Investments LLC increased its holdings in Shell by 25.1% in the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock valued at $62,000 after purchasing an additional 170 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.