#5 - Chevron Corp. (NYSE:CVX)
Chevron Corp. (NYSE: CVX) You don’t have to look very far to see why Chevron’s stock may be falling. Oil prices have been noticeably falling. While this is good for consumers at the gas pump, it can be troublesome for the oil and gas companies that rely on higher oil prices to provide a positive return on their company’s investments. Chevron’s stock dropped 8.7% in October to put it at -3.5% for 2018. The good news for investors is that Chevron is expected to report positive earnings when they issue their next earnings report in February of 2019. They are expected to report an EPS of $2.56, which would mark a nearly 250% year-over-year increase. Revenue is also expected to come in higher at $44.79 billion, which would be a nearly 20% increase from the previous quarter. However, recent reports are citing that Chevron is considering pulling out of their joint venture in Venezuela, a country where Chevron remains the last major U.S. oil company. Meanwhile, the industry as a whole is facing headwinds, and some analysts are projecting oil prices to stay in a tight range at levels not too far above their current level. The best course of action for investors at this point may be to stay on the sidelines until the near-term outlook for oil prices becomes clearer.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
Read More - Current Price
- $142.85
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $175.19 (22.6% Upside)
