10 Best Very Cheap Stocks To Buy Right Now

8. Shell plc (NYSE:SHEL)

P/E Ratio: 8.67

Average Analysts Upside: 17.98%

Shell plc (NYSE:SHEL) is an integrated energy company with operations in more than 70 countries. It has over 50 years of history as a natural gas producer and is one of the leading producers in Europe. Shell’s diversified portfolio, including upstream, downstream, and integrated energy solutions, allows it to adjust to shifts in overall energy demand. The company has a sizable portfolio of LNG businesses, with a diverse network of customers around the world.

The company has been investing in smart grids and energy storage solutions, considering the growth in these technologies and the digitalization of energy management systems. These investments in smart grids and energy storage solutions will solidify Shell’s position in the evolving energy sector.

On January 31, Wells Fargo analyst Roger Read downgraded the price target on SHEL shares from $86 to $82, maintaining an Overweight rating on the stock. The analyst remains bullish on SHEL but has revised the price target on SHEL following an earnings miss in Q4 2024. The company posted a 16% drop in its profits from a year ago in Q4 2024, mainly due to declining oil and gas prices and falling oil demand.

However, Shell plc (NYSE:SHEL) shares surged by 3.30% in the first month of 2025 as the company raised its dividend by 4%. The company launched another share buyback program of $3.5 billion, marking its 13th consecutive quarter of at least $3 billion of share repurchases. Despite the reduced earnings in Q4, Shell kept a strong balance sheet and posted an FCF of $40 billion in 2024.