- Shell conducts a crucial marine survey at the Dragon gas field in Venezuela.
- Analysts predict a potential 19.08% upside for Shell PLC (SHEL, Financial) stock.
- Current brokerage consensus rates Shell as "Outperform."
Shell (SHEL) is undertaking a strategic marine survey at Venezuela's Dragon gas field, with goals to wrap up the project by a critical U.S. deadline in May. The data collected from this survey is essential for Shell as it plots its future drilling and pipeline strategies in the region. Recently, Shell secured a 30-year operational license from Venezuela, and it is optimistic about initiating gas exports to Trinidad by 2024.
Wall Street Analysts' Projections
Thirteen analysts have set a one-year price target for Shell PLC (SHEL, Financial), with an average target of $76.99. Their forecasts range from a high of $92.00 to a low of $46.34. This average target price suggests a possible 19.08% increase from the current trading price of $64.65. For in-depth details, visit the Shell PLC (SHEL) Forecast page.
A consensus from 15 brokerage firms currently ranks Shell PLC's (SHEL, Financial) average brokerage recommendation at 1.7, which translates to an "Outperform" rating. This rating scale spans from 1 to 5, where 1 denotes a Strong Buy, and 5 signifies a Sell.
Evaluating Shell's GF Value
According to GuruFocus's insightful analysis, the projected GF Value for Shell PLC (SHEL, Financial) in one year stands at $65.64. This indicates a modest 1.53% upside from its current market price of $64.65. The GF Value represents the fair trading value of the stock, derived from historical trading multiples, past business growth, and future performance estimates. More comprehensive insights are available on the Shell PLC (SHEL) Summary page.
