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Royal Dutch Shell (LON:RDSa) plc RDS.A was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 45.4% in the past one-month time frame.
This move came after the company announced to cut capital expenditure for 2020 in response to the recent oil price plunge stemming from COVID-19 outbreak.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Royal Dutch Shell currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Royal Dutch Shell PLC Price and Consensus
A better-ranked stock in the Oil and Gas – Integrated – International is New Fortress Energy LLC (NASDAQ:NFE) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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