Chevron (CVX) Stock Moves -0.86%: What You Should Know

15.04.24 23:45 Uhr

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145,56 EUR -3,00 EUR -2,02%

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PKT PKT

39.652,6 PKT -220,4 PKT -0,55%

15.496,1 PKT 30,5 PKT 0,20%

2.523,0 PKT -12,8 PKT -0,50%

5.298,8 PKT -22,7 PKT -0,43%

Chevron (CVX) closed the most recent trading day at $157.59, moving -0.86% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.2%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the oil company had gained 2.19% in the past month. In that same time, the Oils-Energy sector gained 6.6%, while the S&P 500 lost 0.85%.The upcoming earnings release of Chevron will be of great interest to investors. The company's earnings report is expected on April 26, 2024. The company is forecasted to report an EPS of $3.03, showcasing a 14.65% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $51.17 billion, showing a 0.74% escalation compared to the year-ago quarter.CVX's full-year Zacks Consensus Estimates are calling for earnings of $13.24 per share and revenue of $213.74 billion. These results would represent year-over-year changes of +0.84% and +6.36%, respectively.It is also important to note the recent changes to analyst estimates for Chevron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.89% upward. Right now, Chevron possesses a Zacks Rank of #3 (Hold).In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 12. This signifies a premium in comparison to the average Forward P/E of 7.6 for its industry.It is also worth noting that CVX currently has a PEG ratio of 2.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 2.11.The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow CVX in the coming trading sessions, be sure to utilize Zacks.com.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Chevron Corp.

Analysen zu Chevron Corp.

DatumRatingAnalyst
23.10.2023Chevron OutperformRBC Capital Markets
04.10.2023Chevron NeutralJP Morgan Chase & Co.
15.11.2021Chevron BuyUBS AG
12.05.2020Chevron NeutralUBS AG
01.05.2020Chevron buyJefferies & Company Inc.
DatumRatingAnalyst
23.10.2023Chevron OutperformRBC Capital Markets
15.11.2021Chevron BuyUBS AG
01.05.2020Chevron buyJefferies & Company Inc.
07.04.2020Chevron buyUBS AG
21.08.2019Chevron OutperformBMO Capital Markets
DatumRatingAnalyst
04.10.2023Chevron NeutralJP Morgan Chase & Co.
12.05.2020Chevron NeutralUBS AG
12.02.2020Chevron HoldHSBC
29.08.2019Chevron HaltenIndependent Research GmbH
02.07.2018Chevron Sector PerformRBC Capital Markets
DatumRatingAnalyst
06.07.2017Chevron UnderperformRBC Capital Markets
23.09.2015Chevron UnderperformMacquarie Research
09.09.2014Chevron UnderperformMerrill Lynch & Co., Inc.
24.04.2007Chevron sellDeutsche Securities
05.02.2007Chevron sellDeutsche Securities

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Chevron Corp. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"