Shell plc (NYSE:SHEL) has a beta value of 0.66 and has seen 6.34 million shares traded in the last trading session. The company, currently valued at $194.71B, closed the last trade at $52.85 per share which meant it gained $0.36 on the day or 0.69% during that session. The SHEL stock price is -16.69% off its 52-week high price of $61.67 and 26.19% above the 52-week low of $39.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.25 million shares traded. The 3-month trading volume is 4.96 million shares.
The consensus among analysts is that Shell plc (SHEL) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 4 rate it as Overweight. 2 out of 30 have rated it as a Hold, with 24 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.68.
Shell plc (NYSE:SHEL) trade information
Sporting 0.69% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the SHEL stock price touched $52.85 or saw a rise of 2.99%. Year-to-date, Shell plc shares have moved 21.77%, while the 5-day performance has seen it change -0.60%. Over the past 30 days, the shares of Shell plc (NYSE:SHEL) have changed -0.02%. Short interest in the company has seen 6.91 million shares shorted with days to cover at 1.19.
Wall Street analysts have a consensus price target for the stock at $70.13, which means that the shares’ value could jump 24.64% from current levels. The projected low price target is $60.00 while the price target rests at a high of $84.00. In that case, then, we find that the current price level is -58.94% off the targeted high while a plunge would see the stock gain -13.53% from current levels.
Shell plc (SHEL) estimates and forecasts
Figures show that Shell plc shares have outperformed across the wider relevant industry. The company’s shares have lost -1.10% over the past 6 months, with this year growth rate of 130.71%, compared to -2.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 152.80% and 66.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 54.90%.
1 analysts offering their estimates for the company have set an average revenue estimate of $103.75 billion for the current quarter. 1 have an estimated revenue figure of $100.36 billion for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 34.70% over the past 5 years. Earnings growth for 2022 is a modest 192.60% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
Shell plc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.96 at a share yield of 3.71%. The company’s dividend yield has gone up over the past 12 months.
Shell plc (NYSE:SHEL)’s Major holders
Insiders own 0.01% of the company shares, while shares held by institutions stand at 7.30% with a share float percentage of 7.30%. Investors are also buoyed by the number of investors in a company, with Shell plc having a total of 1,160 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 21.29 million shares worth more than $1.17 billion. As of Mar 30, 2022, FMR, LLC held 0.58% of shares outstanding.
The other major institutional holder is Fisher Asset Management, LLC, with the holding of over 19.6 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $1.08 billion and represent 0.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Series International Value Fund and DFA International Value Series. As of May 30, 2022, the former fund manager holds about 0.25% shares in the company for having 9.03 million shares of worth $534.62 million while later fund manager owns 8.98 million shares of worth $479.65 million as of Apr 29, 2022, which makes it owner of about 0.24% of company’s outstanding stock.