FY2027 EPS Estimates for Shell Lowered by Erste Group Bank

by · The Markets Daily

Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) – Analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for Shell in a research note issued on Thursday, June 25th. Erste Group Bank analyst H. Engel now forecasts that the energy company will earn $8.96 per share for the year, down from their prior estimate of $9.28. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Shell’s current full-year earnings is $10.03 per share.

Shell (NYSE:SHEL – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion during the quarter, compared to analyst estimates of $77.54 billion.

SHEL has been the subject of several other research reports. Wall Street Zen downgraded Shell from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group increased their price objective on shares of Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company boosted their target price on shares of Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Weiss Ratings lowered shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Finally, BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the stock a “neutral” rating in a research note on Friday, April 17th. Six research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Hold” and an average price target of $100.46.

View Our Latest Stock Analysis on Shell

Shell Trading Up 0.5%

Shares of NYSE:SHEL opened at $76.92 on Tuesday. The business’s 50-day moving average is $84.94 and its 200 day moving average is $82.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97. Shell has a 1 year low of $68.63 and a 1 year high of $94.90. The firm has a market capitalization of $215.64 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.47 and a beta of 0.05.

Hedge Funds Weigh In On Shell

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in shares of Shell by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after buying an additional 677,746 shares during the last quarter. Natixis Advisors LLC raised its position in Shell by 13.2% during the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock valued at $103,386,000 after acquiring an additional 167,983 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted 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 acquiring an additional 60,850 shares during the period. Captrust Financial Advisors boosted its position in Shell by 30.4% in the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after purchasing an additional 42,129 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 worth $3,135,000 after purchasing an additional 23,243 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

About Shell

(Get Free Report)

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.

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