wiegveld schreef op 7 april 2023 08:15:
GOldman Sachs tipt 2 oliebedrijven Phillips66 en Shell ( voor wat t waard is)
Shell plc (SHEL)
Shell is one of the world’s largest oil companies, a mega-cap firm with a $200 billion market cap. Shell is also one of the oil sector’s most diversified companies, with its operations divided into four segments: Upstream, Integrated Gas, Renewables & Energy Solutions, and Downstream. Operations in these segments include everything from exploration and extraction activities, to natural gas liquefaction and delivery, to renewable hydrogen and low-carbon power production, to fuel and energy delivery to more than 32 million customers.
Outside of these activities, Shell also has a Projects & Technology division that drives the company’s research and innovation projects into new solutions for energy tech. In addition, Projects & Tech also provides needed technical capabilities and services in the operational divisions.
These combined operations brought Shell a total of $101.3 billion in top-line revenues for 4Q22, the most recent period reported, up 18% year-over-year – and beating the forecast by an impressive $59.97 billion.
At the bottom line, Shell had $9.8 billion in adjusted earnings for 4Q22, up 3.1% y/y. Drilling down, this income gave an adjusted EPS of $1.39. The bottom-line EPS compares favorably to the $0.83 from 4Q21 – but even so, the 4Q22 EPS was 92 cents below expectations.
Even with the mixed quarterly results, Shell saw fit to raise its dividend in Q4, bumping it up from 25 cents per common share to 28.75 cents, an increase of 15%. The new payment annualizes to $1.15 and yields 2%.
Covering this stock for Goldman, analyst Michele Della Vigna writes: “We believe the company has the highest quality combination of assets in the sector, with a leading global LNG and marketing businesses and strong chemical presence. We see material upside to operational performance in both deepwater and LNG assets, while the company’s strong balance sheet might allow it to veer towards the upper end of the sector’s new 30-40% cash distribution range…”
Della Vigna goes on to rate SHEL as a Buy,
and he sets a price target of $85 to suggest a 40% potential upside on the one-year time frame. (To watch Della Vigna’s track record, click here)
Overall, we’re looking at a stock with a Moderate Buy consensus rating from the Street. The rating is based on 7 recent analyst reviews, including 4 Buys, 2 Holds, and 1 Sell. The shares have an average price target of $69.01, implying ~14% upside from the current trading price of $60.57. (See SHEL stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.