Shell (NYSE:SHEL) Issues Earnings Results, Misses Expectations By $0.54 EPS

Shell (NYSE:SHEL) posted its quarterly earnings results on Thursday. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54), Zacks reports. Shell had a return on equity of 14.54% and a net margin of 5.17%.

Shell Trading Up 2.8 %

Shares of NYSE SHEL opened at $66.60 on Friday. The stock has a market cap of $203.62 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 6.46 and a beta of 0.55. The business has a 50 day simple moving average of $64.18 and a 200 day simple moving average of $67.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell has a 52 week low of $60.15 and a 52 week high of $74.61.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Morgan Stanley raised shares of 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 report on Tuesday, January 7th. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Finally, Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $79.69.

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.