Company Update – Chevron Corporation (NYSE:CVX) – Chevron Fourth Quarter 2013 Earnings Conference Call

Chevron Corporation (NYSE:CVX) [at noodls] – SAN RAMON, Calif., Jan. 7, 2014 (GLOBE NEWSWIRE) — Chevron Corporation (NYSE:CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, January 31, …
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Chevron Corporation (CVX), with a current value of $240.63B, opened this morning at $124.42.
 
Looking at the stock, its one day range is $123.65 to $125.32 with a one year range of $109.10 to $127.83.
 
CVX shares are currently priced at 10.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.76x earnings multiple for the same period.
 
The company pays shareholders $4.00 per share annually in dividends, yielding 3.20%.
 
Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.91 per share, which would be $0.36 worse than the year-ago quarter and a $0.21 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.45 is a $1.12 setback when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $65.16 Billion. If realized, that would be a 7.61% increase over the year-ago quarter.
 
In terms of ratings, RBC Capital Mkts Initiated CVX at Sector Perform (Dec 13, 2013). Previously, HSBC Securities Initiated CVX at to Overweight.
 
Given all the information above, we should disclose to readers that the average price target is $132.33, which is 6.36% above than it opened this morning.
 
Chevron Corporation (NYSE:CVX), through its subsidiaries, engages in petroleum, chemicals, mining, power generation and energy operations worldwide. The company operates in two segments, Upstream and Downstream, which covers almost all the different phases and uses of crude oil and natural gas.
 
Tag Helper ~ Stock Code: CVX | Common Company name: Chevron | Full Company name: Chevron Corporation (NYSE:CVX) .

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