Erste Group Bank Has Positive View of Shell FY2027 Earnings

Shell PLC Unsponsored ADR (NYSE:SHEL) – Investment analysts at Erste Group Bank upped their FY2027 EPS estimates for Shell in a note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the energy company will earn $9.28 per share for the year, up from their prior forecast of $9.04. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Shell’s current full-year earnings is $10.42 per share.

Several other equities research analysts have also recently issued reports on SHEL. BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the stock a “neutral” rating in a research report on Friday, April 17th. Piper Sandler boosted their target price on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Shell has a consensus rating of “Hold” and an average target price of $102.17.

Shell Stock Up 0.7%

SHEL stock opened at $90.59 on Monday. The company has a market cap of $253.96 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.59 and a beta of 0.05. The firm has a 50-day moving average of $84.18 and a two-hundred day moving average of $84.94. Shell has a 12 month low of $68.63 and a 12 month high of $94.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion.

Institutional Investors Weigh In On Shell

Large investors have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Shell by 452.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock valued at $6,910,000 after buying an additional 60,850 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Shell by 30.4% during the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after buying an additional 42,129 shares during the last quarter. XY Capital Ltd grew its position in shares of Shell by 139.1% in the 2nd quarter. XY Capital Ltd now owns 42,854 shares of the energy company’s stock worth $3,323,000 after acquiring an additional 24,932 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Shell by 119.7% during the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock valued at $3,135,000 after acquiring an additional 23,243 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. lifted its stake in Shell by 111.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after purchasing an additional 22,187 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

About Shell

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.