Where Chevron’s Analyst Ratings Stand after Its 4Q17 Earnings



Analysts’ ratings for CVX

So far in this series, we’ve examined the Chevron’s (CVX) 4Q17 earnings versus its estimates. We also analyzed Chevron’s segmental earnings in 4Q17 and discussed CVX’s stock performance after its earnings release on February 2, 2018. In this article, we’ll examine the analysts’ ratings for CVX.

After its 4Q17 earnings release, Chevron was rated by 23 analysts. Of these analysts, 13 (or 57%) analysts assigned “buy” or “strong buy” ratings, nine (or 39%) assigned “hold” ratings, and one (or 4%) assigned a “sell” rating for the stock. Chevron’s mean target price stands at $135.00 per share, which implies a 14% gain from the current level.

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After its 4Q17 results, Credit Suisse (CS) cut its target price on Chevron stock. This development could be due to CVX’s earnings falling short of estimates, which may have led to a 6.0% decline in its stock price. Credit Suisse decreased CVX’s target price from $130.00 to $129.00. Credit Suisse has a “neutral” rating on the stock.

Peers’ analyst ratings

BP (BP), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A) have been rated as a “buy” by 46.0%, 33.0%, and 91.0% of analysts, respectively. Global players Statoil (STO), Petrobras (PBR), and YPF (YPF) received “buy” ratings from 20.0%, 39.0%, and 92.0% of analysts, respectively.

In the next article, we’ll look at the change in implied volatility in Chevron on its earnings release day. We’ll also estimate Chevron’s stock price range for the next seven days after its earnings release.


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