Analysts’ Ratings for Chevron after Its Earnings

In this series, we examined Chevron’s (CVX) 4Q16 earnings versus estimates. We also analyzed Chevron’s segmental earnings in 4Q16. We discussed Chevron’s stock performance after its earnings release on January 27, 2017. In this part, we’ll examine analysts’ ratings for Chevron after its earnings.

After its earnings, Chevron was rated by 26 analysts. Of the analysts, 18 (or 69%) of the analysts assigned “buy” or “strong buy” ratings, eight (or 31%) assigned “hold” ratings, and none of them assigned “sell” or “strong sell” ratings on the stock.

Chevron could witness a change in its ratings as analysts drill further down the 4Q16 numbers. Chevron’s mean target price of $126 per share implies a 10% gain from the current level.

Chevron’s peers ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP) have been rated as a “buy” by 23%, 92%, and 42% of the analysts, respectively. Other global players like Statoil (STO), Petrobras (PBR), and YPF (YPF) have been rated as a “buy” by 60%, 22%, and 77% of the analysts, respectively. If you’re looking for global stock exposure, you can consider the Vanguard Total World Stock ETF (VT). VT has 57% exposure to North American stocks.

In the next part, we’ll look at the change in Chevron’s implied volatility after its 4Q16 earnings.