Equities Analysts Offer Predictions for Shell plc’s Q1 2022 Earnings (NYSE:SHEL)

Shell plc (NYSE:SHELGet Rating) – Investment analysts at Jefferies Financial Group issued their Q1 2022 EPS estimates for shares of Shell in a report released on Monday, April 11th. Jefferies Financial Group analyst G. Romeo forecasts that the energy company will post earnings of $2.02 per share for the quarter. Jefferies Financial Group also issued estimates for Shell’s Q2 2022 earnings at $1.66 EPS, Q3 2022 earnings at $1.62 EPS, Q4 2022 earnings at $2.08 EPS and FY2022 earnings at $7.36 EPS.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on Shell from GBX 2,600 ($33.88) to GBX 2,700 ($35.18) in a research report on Wednesday, March 30th. Wells Fargo & Company raised their price objective on Shell from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. Bank of America initiated coverage on Shell in a research report on Friday, February 4th. They issued a “buy” rating and a $66.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Shell from GBX 2,038 ($26.56) to GBX 2,551 ($33.24) in a research report on Wednesday, March 23rd. Finally, Morgan Stanley lifted their target price on Shell from GBX 2,440 ($31.80) to GBX 2,570 ($33.49) in a research report on Wednesday, March 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Shell presently has an average rating of “Buy” and a consensus price target of $1,156.43.

Shares of Shell stock opened at $55.99 on Wednesday. The business’s fifty day moving average price is $53.35 and its 200 day moving average price is $48.52. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. Shell has a twelve month low of $48.27 and a twelve month high of $56.73. The stock has a market capitalization of $214.16 billion, a P/E ratio of 10.85, a PEG ratio of 0.82 and a beta of 0.70.

Shell (NYSE:SHELGet Rating) last issued its earnings results on Thursday, February 3rd. The energy company reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.25. Shell had a return on equity of 11.34% and a net margin of 7.37%. The firm had revenue of $90.22 billion for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Stockholders of record on Friday, February 18th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 17th. Shell’s payout ratio is 37.21%.

A number of institutional investors have recently made changes to their positions in SHEL. Kozak & Associates Inc. bought a new stake in Shell in the fourth quarter valued at about $569,000. Park National Corp OH bought a new stake in Shell in the first quarter valued at about $1,721,000. Private Asset Management Inc. bought a new stake in Shell in the first quarter valued at about $316,000. Confluence Investment Management LLC bought a new stake in Shell in the first quarter valued at about $905,000. Finally, Stonebridge Capital Management Inc. bought a new stake in Shell in the first quarter valued at about $424,000. 11.31% of the stock is owned by hedge funds and other institutional investors.

About Shell (Get Rating)

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 necessary to deliver gas to market.

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Earnings History and Estimates for Shell (NYSE:SHEL)

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