Oppenheimer Maintains an 'Outperform' Royal Dutch Shell (RDS-A); Cash Flow to Increase by 50% in Four Years
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Price: $67.61 -1.13%
Rating Summary:
2 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
2 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade RDS-A Now!
Oppenheimer maintains an 'Outperform' Royal Dutch Shell (NYSE: RDS-A) price target of $85.00.
Oppenheimer analyst, said, "We are raising our price target on Shell shares to $85/ADS to reflect the improving industry and company outlooks. New projects ramp ups and startups are expected to significantly boost 2012-15 cash flow by 50% over 2008-2011 period. Shell has raised the dividend for the first time in three years, to $0.86/ADS and unveiled a new capital plan to grow production to 4 mmboed in five years, net of 250 mboed of planned divestitures and contract expirations. Shell repurchased $1.1B of its shares to offset shares issued for scrip dividend. No major share repurchase is expected unless it is exempt from Dutch capital gains taxes." (Oppenheimer lowers FY12 EPS estimate from $8.90 to $8.36)
For an analyst ratings summary and ratings history on Royal Dutch Shell click here. For more ratings news on Royal Dutch Shell click here.
Shares of Royal Dutch Shell closed at $72.87 yesterday, with a 52 week range of $57.97-$77.65.
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Oppenheimer analyst, said, "We are raising our price target on Shell shares to $85/ADS to reflect the improving industry and company outlooks. New projects ramp ups and startups are expected to significantly boost 2012-15 cash flow by 50% over 2008-2011 period. Shell has raised the dividend for the first time in three years, to $0.86/ADS and unveiled a new capital plan to grow production to 4 mmboed in five years, net of 250 mboed of planned divestitures and contract expirations. Shell repurchased $1.1B of its shares to offset shares issued for scrip dividend. No major share repurchase is expected unless it is exempt from Dutch capital gains taxes." (Oppenheimer lowers FY12 EPS estimate from $8.90 to $8.36)
For an analyst ratings summary and ratings history on Royal Dutch Shell click here. For more ratings news on Royal Dutch Shell click here.
Shares of Royal Dutch Shell closed at $72.87 yesterday, with a 52 week range of $57.97-$77.65.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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