The stocks of CVX recently updated their results of quarterly earnings according to a report that was published on Friday. The company for oil and gas had reported an EPS of $0.90 for the quarter, which was slightly less than the consensus estimate put forward by Zacks during this same period at $0.92. The return on equity for the company was 1.75%, with a negative net margin set at 10.86%. The revenue generated by the company during this period was $32.03 billion, which was more than the consensus estimate set at $31.82 billion.
The Stock Commentary Of CVX
The stocks of CVX traded on Friday at $3.83. The moving average price of the company over a period of 50 days was $104.75, while the moving average price of the company over a period of 200 days was $91.96. The current ratio of the company is 1.26, with a 0.97 quick ratio, and a 0.26 debt-to-equity ratio. The year low of the company is $65.16, with the year high coming to $112.70. The market cap of the company is $198.73 billion, with a -16.79 PE ratio, and a 5.74 PEG ratio, along with a 1.33 beta.
There have been quite a few research equities that have commented on the stocks of CVX. Cowen has already increased the price target of the company from $111 to $113 with a rating of “outperform” in a 10th March research report. Wells Fargo & Company has also reduced the price target of the company from $105 to $99 with a rating of equal weight in a 1st February research report.
Raymond James has gone ahead and reduced the price target of the company from $122 to $120 with a rating of “outperform” in a 20th April research report. Scotiabank has also reiterated their rating of “sector perform” along with a price target of $115 in a 16th March research note.
Ten investment analysts covering the firm have given it a rating of hold, while seventeen others have given it a rating of buy. Currently, CVX has a buy rating with a $110.68 price target.