Royal Dutch Shell (RDS.A) Upgraded to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Royal Dutch Shell (NYSE:RDS.A) from a hold rating to a strong-buy rating in a research note released on Monday, January 8th. The firm currently has $79.00 price target on the energy company’s stock.

According to Zacks, “We take a positive stance on Royal Dutch Shell plc. In particular, there are a few reasons to be bullish on Europe's largest oil company, whose ADRs have handily outperformed smaller rival BP over the past year. While the Strong Buy-rated supermajor has been able to manage its expenses and progress on its large divestment program, the remarkable speed of its BG integration is what stands apart. Importantly, the company generated a surge in cash flows during the most recent quarter, allowing it to cut debt and cover its cash dividend. As it is, we are a fan of the company's strong and diversified portfolio of development projects that offer attractive long-term opportunities.”

Several other analysts have also recently commented on the stock. Howard Weil raised shares of Royal Dutch Shell to an outperform rating in a research note on Friday, December 22nd. HSBC cut shares of Royal Dutch Shell from a buy rating to a hold rating in a research note on Tuesday, November 21st. ValuEngine raised shares of Royal Dutch Shell from a hold rating to a buy rating in a research note on Sunday, December 31st. Jefferies Group reissued a buy rating and set a $63.20 price target on shares of Royal Dutch Shell in a research note on Friday, October 6th. Finally, Piper Jaffray Companies reaffirmed a buy rating on shares of Royal Dutch Shell in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Royal Dutch Shell has an average rating of Buy and an average price target of $62.17.

Shares of Royal Dutch Shell (RDS.A) traded up $1.04 on Monday, hitting $70.88. 2,918,000 shares of the stock were exchanged, compared to its average volume of 2,752,033. The firm has a market capitalization of $297,010.00, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.23 and a quick ratio of 0.91. Royal Dutch Shell has a 1-year low of $50.32 and a 1-year high of $70.94.

Royal Dutch Shell (NYSE:RDS.A) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.32). The business had revenue of $75.83 billion during the quarter, compared to analyst estimates of $74.15 billion. Royal Dutch Shell had a return on equity of 6.64% and a net margin of 3.71%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. equities research analysts predict that Royal Dutch Shell will post 3.67 earnings per share for the current year.

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About Royal Dutch Shell

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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Analyst Recommendations for Royal Dutch Shell (NYSE:RDS.A)

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