The stock of Shell plc (NYSE:SHEL) decreased by -$0.86 on Monday to finish at $61.56, down -1.38 percent. The last five days have seen an average of 4,340,720 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $4.61. The average number of shares traded over the last 20 days was 4,687,750, while the average volume over the last 50 days totaled 4,787,738.
SHEL stock appreciated 1.45% since last month. On 08/02/23, the company’s shares reached a one-month low of $59.51. The stock touched a high of $63.69 on 07/24/23, after rallying from a low of $46.74 in 52 weeks. The price of SHEL stock has risen by 8.09% or $4.61 this year, reaching a new high 13 times. Still, the stock price is down -3.34% from the 52-week high.
Valuation Metrics
Shell plc (SHEL) has a trailing price-to-earnings (P/E) ratio of 7.54. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.57, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 4.89.
Company paid $0.6620 per share in dividends, an increase of 15.13% from $0.5750 last year. A $0.0870 dividend increase was reported on Thursday July 27 2023.
Financial Health
For the three months ended June 29, Shell plc’s quick ratio was 1.20, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.38, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 24.60% percent. Shell plc’s EBITDA margin for the year ended June 29 was 18.95%, whereas its operating margin stood at 12.70% for the same period. Based on annual data, it had gross profit of $100.48 billion and revenue of $386.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SHEL’s return on assets (ROA) during the last 12 months has been 6.70%. There was a 14.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%.
Earnings Surprise
According to Shell plc’s quarterly financial report for the quarter that ended June 29, it had $1.4 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $381.31 billion, while revenues rose by 31.42% to $0.0. It was predicted that Shell plc’s quarterly earnings would be $1.5, but it ended up being $1.64, beating the consensus by -8.50%. EBITDA was $14.43 billion for the quarter. At the end of Shell plc’s most recent quarter ended June 29, its liabilities totaled 222.94 billion, while its total debt was $84.37 billion.
Technical Picture
Here’s a quick look at Shell plc’s (SHEL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 49.51%, suggesting the stock is Neutral, with a 16.35% historical volatility rate.
The stochastic %K and %D were 67.59% and 67.96% respectively, while the average true range (ATR) was 1.06. Based on the 14-day stochastic reading of 57.24%, the RSI (14) reading is 51.29%. On the 9-day MACD Oscillator, the stock is at 0.59, and the 14-day reading is at 0.63.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Shell plc (NYSE: SHEL) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Shell plc (SHEL) an Buy rating. SHEL is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 22 others recommend it as a buy.
What is SHEL’s price target for the next 12 months?
The current consensus forecast for the stock is between $60.40 and $83.00, with a median target price of $73.50. In analyzing these forecasts, the average price target given by analysts for Shell plc (SHEL) is $73.09.
