Analysts’ Recent Ratings Changes for Chevron Corporation (CVX)

A number of research firms have changed their ratings and price targets for Chevron Corporation (NYSE: CVX):

  • 7/17/2017 – Chevron Corporation was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 7/17/2017 – Chevron Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “For more than three years, Chevron has seen its stock price decline precipitously, as the commodity downturn has taken its toll on the entire industry. Since July 2014, shares of the No. 2 U.S. energy producer have dived 20% – a significant fall considering its status as a ‘traditionally defensive stock’. Consequently, with oil and natural gas prices collapsing, the U.S. energy major’s upstream division’s revenues, earnings and cash flows have taken a beating. Moreover, Chevron is still outspending its cash flow, making it dependent on asset sales. In the wake of weak industry sentiment and apprehensions of more punishing times ahead with future cash flows drying up, we see little reason for investors to hold the stock.”
  • 7/17/2017 – Chevron Corporation was downgraded by analysts at Wells Fargo & Company to an “outperform” rating. They now have a $102.00 price target on the stock, down previously from $124.00.
  • 7/12/2017 – Chevron Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $125.00 price target on the stock, up previously from $116.00.
  • 7/6/2017 – Chevron Corporation was downgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating. They now have a $100.00 price target on the stock, down previously from $112.00.
  • 7/6/2017 – Chevron Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $100.00 price target on the stock, down previously from $107.00.
  • 7/5/2017 – Chevron Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Chevron Corporation had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $113.00 price target on the stock.
  • 6/24/2017 – Chevron Corporation was given a new $135.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/23/2017 – Chevron Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/22/2017 – Chevron Corporation was given a new $130.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/21/2017 – Chevron Corporation was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They now have a $105.00 price target on the stock.
  • 6/15/2017 – Chevron Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $120.37 price target on the stock.
  • 6/13/2017 – Chevron Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/8/2017 – Chevron Corporation was upgraded by analysts at Vetr to a “strong-buy” rating. They now have a $117.49 price target on the stock.
  • 6/5/2017 – Chevron Corporation was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $119.00 price target on the stock, down previously from $124.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/2/2017 – Chevron Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/26/2017 – Chevron Corporation was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $100.00 price target on the stock.
  • 5/26/2017 – Chevron Corporation was downgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $100.00 price target on the stock, down previously from $105.00.

Chevron Corporation (CVX) opened at 104.21 on Tuesday. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The company has a market cap of $197.43 billion, a P/E ratio of 67.62 and a beta of 1.23. The company has a 50 day moving average of $105.41 and a 200-day moving average of $109.94.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.56. The firm had revenue of $33.42 billion for the quarter, compared to analyst estimates of $34.05 billion. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. Chevron Corporation’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) earnings per share. On average, equities analysts expect that Chevron Corporation will post $3.95 earnings per share for the current fiscal year.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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