Scotiabank Has Bearish Forecast for Shell FY2027 Earnings

Shell PLC Unsponsored ADR (NYSE:SHEL) – Investment analysts at Scotiabank cut their FY2027 EPS estimates for Shell in a report issued on Wednesday, February 11th. Scotiabank analyst P. Cheng now anticipates that the energy company will earn $5.85 per share for the year, down from their previous estimate of $6.35. The consensus estimate for Shell’s current full-year earnings is $7.67 per share.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 5th. The energy company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.64). Shell had a net margin of 6.52% and a return on equity of 10.34%. The business had revenue of $64.09 billion for the quarter, compared to the consensus estimate of $65.82 billion.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Weiss Ratings cut Shell from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 2nd. UBS Group lowered Shell from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 25th. Bank of America lowered Shell from a “buy” rating to a “neutral” rating in a research report on Friday, December 5th. Finally, Royal Bank Of Canada downgraded Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.33.

Shell Stock Up 0.7%

Shares of NYSE SHEL opened at $78.78 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $74.05 and a 200-day moving average of $73.51. The firm has a market capitalization of $224.02 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 5.81 and a beta of 0.16. Shell has a 12 month low of $58.54 and a 12 month high of $80.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHEL. Brighton Jones LLC lifted its holdings in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares during the period. Whittier Trust Co. raised its position in shares of Shell by 10.9% in the 2nd quarter. Whittier Trust Co. now owns 34,262 shares of the energy company’s stock worth $2,412,000 after acquiring an additional 3,361 shares in the last quarter. Allied Investment Advisors LLC lifted its stake in shares of Shell by 3.5% in the 3rd quarter. Allied Investment Advisors LLC now owns 191,732 shares of the energy company’s stock valued at $13,715,000 after purchasing an additional 6,546 shares during the period. Alteri Wealth LLC purchased a new stake in Shell in the second quarter worth $258,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Shell by 21.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 31,765 shares of the energy company’s stock worth $2,236,000 after purchasing an additional 5,637 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Company Profile

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.