The 3 Week Diet System

Thursday, June 25, 2015

Royal Dutch Shell plc Rating Lowered to Hold at Zacks (RDS.A

June25:

 

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.

Source: http://www.tickerreport.com/banking-finance/598562/royal-dutch-shell-plc-rating-lowered-to-hold-at-zacks-rds-a/

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