Shell (RDS.A) Stock Retreats on Third Quarter Loss - TheStreet

NEW YORK (TheStreet) -- Royal Dutch Shell (RDS.A) stock is down by 1.45% to $52.22 in early morning trading trading on Thursday, following the company's 2015 third quarter earnings results. 

The oil and gas company reported a third quarter loss amid a $7.9 billion charge that included a $2.6 billion abandonment of an Alaskan Arctic exploration project, a $2 billion withdrawal from an oil sands project in Canada and $2.7 billion in impairment charges, according to the Wall Street Journal. 

Shell reported a quarterly loss on a current cost-of-supplies basis of $6.1 billion, down from a profit of $5.3 billion in the 2014 third quarter.

Excluding impairments and write offs, Shell reported a third-quarter profit of $1.8 billion for the quarter, down by 70% year over year. 

The company is continuing with its $70 billion acquisition of BG Group, and the deal is expected to close in early 2016. 

"Shell's integrated business and our performance drive are helping to mitigate the impact of low oil prices on the bottom line, in what is a difficult environment for the industry today," CEO Ben van Beurden said in a statement.

Separately, TheStreet Ratings team rates ROYAL DUTCH SHELL PLC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate ROYAL DUTCH SHELL PLC (RDS.A) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: RDS.A

Image placeholder title

RDS.A

data by

YCharts