How Analysts Rate Chevron after Its 1Q17 Earnings Release



Analyst ratings for CVX

So far in this series, we’ve examined Chevron’s (CVX) 1Q17 earnings versus its estimates. We analyzed Chevron’s segmental earnings in 1Q17, and we also discussed its stock performance after its earnings release on April 28, 2017. In this article, we’ll examine the analysts’ ratings for CVX after its earnings release.

After its 1Q17 earnings release, Chevron (CVX) was rated by 27 analysts. Eighteen analysts assigned “buy” or “strong buy” ratings to CVX stock, and nine analysts assigned “hold” ratings. There were no “sell” or “strong sell” ratings on the stock.

Chevron could witness a change in ratings in the days to come as analysts drill further into its 1Q17 numbers. CVX’s mean target price of $126 per share implies an 18% gain from its current level.

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Analyst ratings for CVX’s peers

Chevron’s (CVX) peers ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP) received “buy” ratings from 19%, 91%, and 36% of analysts, respectively. Global players Statoil (STO), Petrobras (PBR), and YPF (YPF) received “buy” ratings by 60%, 50%, and 77% of analysts, respectively.

If you’re scanning stocks for exposure to large US companies, you can consider the SPDR Dow Jones Industrial Average ETF (DIA). This ETF has ~6% combined exposure to integrated energy majors XOM and CVX.

In the final part of this series, we’ll look at the change in implied volatility in Chevron after its 1Q17 earnings release.


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