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Shell Oil Stock Flashes Improved Price Strength After Profits Soared 788% Last Quarter: IBD Rating Upgrades

Oil industry giant Royal Dutch Shell (RDSA) recently turned the corner, joining the energy sector boom this year, as it reported a 788% leap in profit last quarter on an 86% surge in revenue. On Wednesday, Shell oil’s Relative Strength (RS) Rating climbed to 74, up from 64 the day before. The question now is, does its recent growth sprint have legs?




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The 74 Relative Strength Rating means that Shell oil stock has outperformed 74% of all stocks over the past year. The biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Royal Dutch Shell can continue to show renewed price strength and clear that threshold.

Shell Stock Ratings Improving; Not Yet Great

Among other key ratings, Shell oil stock has a good but not great 72 Composite Rating on a 1-99 scale with 99 tops. Its so-so 64 EPS Rating reflects two quarters of losses at the end of last year amid the lack of travel in the pandemic, before the company’s earnings rebounded two quarters ago.

According to the Stock Market Today, energy stocks were the leading group Wednesday as U.S. crude oil prices rose 1.8% to $71.75 a barrel.

In terms of top and bottom line numbers, Netherlands-based Royal Dutch Shell has posted rising EPS growth in each of the last two reports. Revenue gains have also moved higher during the same period. Last quarter, earnings rose 788% to $1.42 per share on the 86% pop in revenue to $60.5 billion.

Shell oil stock holds the No. 7 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA (EQNR) and PetroChina (PTR) are also among the group’s highest-rated stocks.


Looking For The Best Stocks To Buy And Watch? Start Here


Shell oil stock is building a consolidation with a 44.60 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

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