Chevron (CVX) Earnings Estimates Increased by Barclays Capital (BCS) Analysts
Tuesday, July 12, 2021 11:11 AM

Equities research analysts at Barclays Capital (NYSE: BCS) raised their earnings per share estimates on shares of Chevron (NYSE: CVX) in a research note to investors on Tuesday. The analysts currently have an "overweight" rating and a $132.00 price target on the stock.

Separately, analysts at Societe Generale initiated coverage on shares of Chevron in a research note to investors on Friday, June 3rd. They set a "buy" rating on the stock. Also, analysts at Jefferies reiterated a "buy" rating on shares of Chevron in a research note to investors on Thursday, May 26th.

Shares of Chevron traded down 0.12% during mid-day trading on Wednesday, hitting $104.28. Chevron has a 52 week low of $70.96 and a 52 week high of $109.94. The stock's 50-day moving average is $101.5 and its 200-day moving average is $100.8. The company has a market cap of $209.6 billion and a price-to-earnings ratio of 10.14.

Chevron last announced its quarterly results on Friday, April 29th. The company reported $3.09 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $3.00 EPS by $0.09. During the same quarter in the prior year, the company posted $1.98 earnings per share. The company’s quarterly revenue was up 25.00% on a year-over-year basis. On average, analysts predict that Chevron will post $3.29 EPS next quarter.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services. Exploration and production (upstream) operations consist of exploring for, developing and producing crude oil and natural gas, and also marketing natural gas. Refining, marketing and transportation (downstream) operations relate to refining crude oil and converting natural gas into finished petroleum products; marketing crude oil and the many products derived from petroleum, and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car. Chemicals operations include the manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant oil additives.

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