Royal Dutch Shell plc (NASDAQ:RDS.A) was downgraded by Zacks from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Royal Dutch Shell is one of the largest
integrated energy firms in the world with a strong and diversified
portfolio of development projects that offer attractive long-term
opportunities. The company’s decision to acquire BG Group, UK’s third
largest energy player, for $70 billion, is a huge positive. This is
because Shell will be able to boost its oil and gas reserves by almost
25% and will benefit from BG Group’s big natural gas projects throughout
the world. However, the oil price slump has affected Shell’s earnings
and cash flows, in particular at its upstream unit. Moreover, Shell’s
ADRs are expected to remain soft due to its major natural gas focus and
lofty capital spending.”
Royal Dutch Shell plc (NASDAQ:RDS.A) last announced its earnings
results on Thursday, April 30th. The company reported $1.04 earnings per
share for the quarter, beating the analysts’ consensus estimate of
$0.70 by $0.34.
A number of other firms have also recently commented on RDS.A.
Analysts at Deutsche Bank upgraded shares of Royal Dutch Shell plc from a
“hold” rating to a “buy” rating in a research note on Wednesday.
Analysts at RBC Capital upgraded shares of Royal Dutch Shell plc from a
“sector perform” rating to an “outperform” rating in a research note on
Friday, June 19th. Analysts at Oppenheimer reiterated a “market
perform” rating on shares of Royal Dutch Shell plc in a research note on
Friday, May 8th. Finally, analysts at TheStreet upgraded shares of
Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a
research note on Thursday, April 30th. Nine research analysts have rated
the stock with a hold rating and seven have issued a buy rating to the
stock. Royal Dutch Shell plc currently has a consensus rating of “Hold”
and a consensus price target of $67.50.
Royal Dutch Shell plc (NASDAQ:RDS)
is an independent oil and gas company, based in the United Kingdom. It
operates in three segments: Upstream, Downstream and Corporate. Upstream
combines the operating segments Upstream International and Upstream
Americas, which are engaged in searching for and recovering crude oil
and natural gas, the liquefaction and transportation of gas, the
extraction of bitumen from oil sands and converting it into synthetic
crude oil, and wind energy.