Chevron (NYSE: CVX)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a report issued on Wednesday. They currently have a $130.00 target price on the stock.
Shares of Chevron traded up 0.20% during mid-day trading on Wednesday, hitting $118.49. Chevron has a 52 week low of $95.73 and a 52 week high of $119.30. The stock’s 50-day moving average is currently $116.2. The company has a market cap of $230.2 billion and a P/E ratio of 8.88.
Chevron last announced its earnings results on Friday, February 1st. The company reported $3.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.00 by $0.70. The company had revenue of $60.55 billion for the quarter, compared to the consensus estimate of $66.81 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Chevron will post $12.33 earnings per share for the current fiscal year.
CVX has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Chevron to $120.00 in a research note to investors on Wednesday. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of Chevron in a research note to investors on Wednesday. They now have a $130.00 price target on the stock, up previously from $125.00. Finally, analysts at Cowen raised their price target on shares of Chevron from $129.00 to $133.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.
Thirteen research analysts have rated the stock with a buy rating, four have given an overweight rating, and eight have assigned a hold rating to the stock. The company presently has a consensus rating of “overweight” and a consensus target price of $126.65.
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 petroleum operations, chemicals operations, mining operations, power generation and energy services.
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