Last Updated: 13 Nov 2024
Executive Summary
Chevron Corp. (CVX) is a leading multinational energy corporation with a strong financial performance and a positive outlook. The company's latest stock price of $155.29 indicates a potential upside based on analyst recommendations.
Company Overview
Chevron is engaged in all aspects of the oil and natural gas industries, from exploration and production to refining, marketing, and chemicals manufacturing. The company has a global presence in over 180 countries.
Fundamental Analysis
Revenue: Chevron's revenue has grown steadily over the past few years, reaching $191.7 billion in the trailing twelve months (TTM).
Earnings: The company's earnings per share (EPS) have also increased, with a diluted EPS of $9.1 in the TTM.
Profitability: Chevron has a strong profit margin of 8.7% and an operating margin of 10.9%.
Valuation: The company's trailing price-to-earnings (PE) ratio of 17.25 is below industry average, indicating potential undervaluation.
Technical Analysis
Trend: Chevron's stock price has been trending upwards over the past few months.
Support and Resistance: The stock has found support at the 50-day moving average of $147.8 and resistance at the 200-day moving average of $153.39.
Momentum: The stock's momentum indicators are positive, suggesting further upside potential.
Short Term Outlook
In the short term, Chevron's stock price is expected to remain stable within the current trading range. The company's strong fundamentals and positive analyst recommendations provide support for the stock.
Long Term Outlook
The long-term outlook for Chevron is positive. The company is well-positioned to benefit from the growing demand for energy worldwide. Its global presence and diversified operations provide it with a competitive advantage.
Analyst Recommendations
Analysts have a positive view on Chevron's stock. The consensus analyst rating is "Buy," with an average target price of $170.13. Two analysts rate the stock as "Strong Buy," 14 as "Buy," 9 as "Hold," and none as "Sell" or "Strong Sell."
