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Thinking Of Buying Shell plc (NYSE: SHEL) Stock? Here’s What You Need To Know

Shell plc (NYSE:SHEL) price on Friday, May 27, fall -0.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $59.67.

A look at the stock’s price movement, the level at last check in today’s session was $60.12, moving within a range at $59.765 and $60.74. The beta value (5-Year monthly) was 0.79 while the PE ratio in trailing twelve months stood at 10.78. Turning to its 52-week performance, $60.74 and $36.32 were the 52-week high and 52-week low respectively. Overall, SHEL moved 11.75% over the past month.

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Shell plc’s market cap currently stands at around $221.18 billion. The company has a Forward Dividend ratio of 1.94, with its dividend yield at 3.23%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $2.47, which has seen fiscal year 2022 EPS growth forecast to increase to $9.32 and about $9.59 for fiscal year 2023. Per the data, EPS growth is expected to be 87.10% for 2022 and 2.90% for the next financial year.

Analysts have a consensus estimate of $95.95 billion for the company’s revenue for the quarter, with a low and high estimate of $95.95 billion and $95.95 billion respectively. The average forecast suggests up to a 87.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $347.28 billion, representing a 32.80% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s).

29 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 23 recommend SHEL as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

SHEL’s current price about 4.34% and 6.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.41, while 7-day volatility ratio is 2.09% and 2.47% in the 30-day chart. Further, Shell plc (SHEL) has a beta value of 0.61, and an average true range (ATR) of 1.56. Analysts have given the company’s stock an average 52-week price target of $70.56, forecast between a low of $60.00 and high of $92.00. Looking at the price targets, the low is -0.55% off recent price level in today’s trading while to achieve the yearly target high, it has to move -54.18%. Nonetheless, investors will most likely welcome a -16.47% jump to $69.50 which is the analysts’ median price.

In the market, a comparison of Shell plc (SHEL) and its peers suggest the former has performed considerably weaker. Data shows SHEL’s intraday price has changed -0.74% today and 54.91% over the past year. Comparatively, Eni S.p.A. (E) has moved -1.07% so far today and only 24.92% in the past 12 months. Looking at another peer, we see that TotalEnergies SE (TTE) price has dipped -1.13% on the day. However, the stock is 26.58% off its price today a year ago. Moreover, Exxon Mobil Corporation (XOM) is also up 0.10% in today’s trading while keeping a an uptrend of 65.03% over the past year. If we look at the PE ratio, we find that Shell plc’s ratio stands at 10.78 compared to Eni S.p.A.’s 6.06 and TotalEnergies SE’s 9.03. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.51% and 0.66% respectively on the day as seen in early trades.

If we refocus on Shell plc (NYSE:SHEL), historical trading data shows that trading volumes averaged 5.87 million over the past 10 days and 5.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.80 billion shares.

The 0.20% of Shell plc’s shares are in the hands of company insiders while institutional holders own 7.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.89 million on May 12, 2022, giving us a short ratio of 1.22. The data shows that as of May 12, 2022 short interest in Shell plc (SHEL) stood at 0.16% of shares outstanding, with shares short falling to 6.64 million registered in Apr 13, 2022. Current price change has pushed the stock 38.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SHEL stock continues to rise going into the next quarter.

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