Zacks Investment Research upgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a sell rating to a hold rating in a research report sent to investors on Tuesday, September 12th.
According to Zacks, “Royal Dutch Shell shares are up 4.5% in the year-to-date period vs. the 3.3% loss for the broader industry. The integrated behemoth's upstream unit have benefited from the steady oil price recovery, while production contribution of BG assets continues to be strong. The Hague-based supermajor has also able to reduce operating costs and progress on its large divestment program. Importantly, the Anglo-Dutch company generated a surge in cash flows during the most recent quarter, allowing it to cut debt and cover its cash dividend. However, with oil staying below the psychologically-critical $50 threshold, Shell's near-to-medium term revenue outlook remains cloudy. We are also apprehensive that the group's disposal program could affect production, which fell 11% sequentially in second quarter. Hence, we advise investors to wait for a better entry point before buying shares in Europe's largest oil company.”
Other equities research analysts have also recently issued reports about the stock. Scotiabank set a $54.00 target price on shares of Royal Dutch Shell PLC and gave the stock a hold rating in a research report on Tuesday, August 8th. Exane BNP Paribas upgraded shares of Royal Dutch Shell PLC from a neutral rating to an outperform rating in a report on Friday, May 26th. Jefferies Group LLC set a $65.00 price target on shares of Royal Dutch Shell PLC and gave the company a buy rating in a report on Friday, August 18th. BNP Paribas upgraded shares of Royal Dutch Shell PLC from a neutral rating to an outperform rating and raised their price target for the company from $47.00 to $57.00 in a report on Monday, May 29th. Finally, Societe Generale upgraded shares of Royal Dutch Shell PLC from a hold rating to a buy rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Royal Dutch Shell PLC presently has a consensus rating of Buy and a consensus price target of $57.13.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th were paid a dividend of $0.799 per share. The ex-dividend date was Wednesday, August 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of Infinity. Royal Dutch Shell PLC’s dividend payout ratio is currently 163.27%.
Royal Dutch Shell PLC Company Profile
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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