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Shell (SHEL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Shell (SHEL - Free Report) closed at $57.82, marking a -1.04% move from the previous day. This change lagged the S&P 500's daily gain of 0.93%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Heading into today, shares of the oil and gas company had lost 3.2% over the past month, lagging the Oils-Energy sector's gain of 2.37% and the S&P 500's gain of 4.61% in that time.
Investors will be hoping for strength from Shell as it approaches its next earnings release. In that report, analysts expect Shell to post earnings of $1.63 per share. This would mark a year-over-year decline of 46.38%.
Investors might also notice recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.17% higher. Shell is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Shell's current valuation metrics, including its Forward P/E ratio of 6.36. This valuation marks a premium compared to its industry's average Forward P/E of 5.62.
We can also see that SHEL currently has a PEG ratio of 0.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Shell (SHEL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Shell (SHEL - Free Report) closed at $57.82, marking a -1.04% move from the previous day. This change lagged the S&P 500's daily gain of 0.93%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Heading into today, shares of the oil and gas company had lost 3.2% over the past month, lagging the Oils-Energy sector's gain of 2.37% and the S&P 500's gain of 4.61% in that time.
Investors will be hoping for strength from Shell as it approaches its next earnings release. In that report, analysts expect Shell to post earnings of $1.63 per share. This would mark a year-over-year decline of 46.38%.
Investors might also notice recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.17% higher. Shell is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Shell's current valuation metrics, including its Forward P/E ratio of 6.36. This valuation marks a premium compared to its industry's average Forward P/E of 5.62.
We can also see that SHEL currently has a PEG ratio of 0.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.