Royal Dutch Shell PLC (RDS.A) Downgraded by Societe Generale

Societe Generale downgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a buy rating to a hold rating in a report published on Friday morning, Marketbeat reports.

Several other analysts have also recently issued reports on RDS.A. Scotiabank set a $54.00 price objective on Royal Dutch Shell PLC and gave the company a hold rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Royal Dutch Shell PLC from a sell rating to a hold rating in a research note on Monday, August 7th. Piper Jaffray Companies restated a buy rating and set a $62.00 price objective on shares of Royal Dutch Shell PLC in a research note on Thursday, September 28th. Finally, Jefferies Group LLC set a $65.00 price objective on Royal Dutch Shell PLC and gave the company a buy rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $58.78.

Royal Dutch Shell PLC (NYSE:RDS.A) traded up $0.96 during trading hours on Friday, hitting $65.06. The company had a trading volume of 3,260,000 shares, compared to its average volume of 4,200,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.23. Royal Dutch Shell PLC has a fifty-two week low of $48.07 and a fifty-two week high of $65.10. The firm has a market capitalization of $269,660.00, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.62 and a beta of 1.08.

Royal Dutch Shell PLC (NYSE:RDS.A) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.32). Royal Dutch Shell PLC had a return on equity of 6.64% and a net margin of 3.71%. The business had revenue of $75.83 billion during the quarter, compared to analyst estimates of $74.15 billion. During the same quarter last year, the firm posted $0.70 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. equities research analysts expect that Royal Dutch Shell PLC will post 3.54 EPS for the current fiscal year.

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About Royal Dutch Shell PLC

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

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