Majority of Analysts Rate Shell as a ‘Buy’ Post-2Q16 Earnings

Nine out of the ten companies surveyed rated Royal Dutch Shell (RDS.A) a “buy,” “overweight,” or “outperform.” The highest and lowest 12-month price targets stand at $66 and $59, indicating a 27% and 14% rise from current levels, respectively. The average price target at $62 implies a 20% gain.

By comparison, Statoil (STO), PetroChina (PTR), and Cenovus Energy (CVE) have been rated as “buy” by 33%, 25%, and 52% of analysts surveyed, respectively. The iShares North American Natural Resources ETF (IGE) has ~22% exposure to integrated energy stocks.