uploads///Analyst ratings

Some Analysts Cut Target Price on ExxonMobil after 1Q18 Earnings


May. 1 2018, Updated 11:40 a.m. ET

Analyst ratings for ExxonMobil

In this series, we examined ExxonMobil’s (XOM) segmental earnings in 1Q18. We also discussed ExxonMobil’s stock performance after its earnings release on April 27. In this part, we’ll evaluate analyst ratings for ExxonMobil after its earnings.

A total of 23 analysts currently give ratings on ExxonMobil. Of the total, eight analysts have assigned “buy” or “strong buy” ratings, 12 have assigned a “hold” rating, and three have assigned a “sell” or “strong sell” rating on the stock. XOM’s mean target price of $86 per share is around 10% higher than its current stock price.

Article continues below advertisement

After 1Q results, Credit Suisse cut its target price on XOM, which could be because ExxonMobil’s earnings fell short of estimates, perhaps leading to a 4% decline in its stock price. Credit Suisse decreased XOM’s target price from $82 per share to $79 per share. Credit Suisse has a “neutral” rating on the stock. ExxonMobil might see a change in ratings and target prices in days to come as analysts look deeper at the 1Q18 numbers.

Peers’ analyst ratings

BP (BP), Chevron (CVX), and Royal Dutch Shell (RDS.A) have gotten “buy” recommendations from 50%, 77%, and 91% of analysts, respectively. Statoil (STO), Suncor Energy (SU), Petrobras (PBR), and YPF (YPF) have received “buy” ratings from 20%, 93%, 43%, and 92% of analysts, respectively.

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


More From Market Realist

  • People at a gas station
    Energy & Utilities
    Best Gas Stocks to Buy After the Colonial Pipeline Attack
  • Recon Africa employees
    Energy & Utilities
    Is Recon Africa a Multi Bagger Stock You Should Buy?
  • Dr. Donald Sadoway (second from left) pictured with Paula S. Aspell, David Pogue, and Chris Schmidt
    Energy & Utilities
    Ambri Expands in the Liquid Metal Battery Space, Still Privately Held
  • Valero gas station
    Energy & Utilities
    Valero Energy’s Prospects in 2021, Rebound in Energy and Gas
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.