Chevron Corporation (CVX), a Oil & Gas Integrated organization, was a bullish stock in the prior session. Chevron Corporation (CVX) shares opened the market for trading at $86.75 and closed the day at $89.71 with momentum of +3.10%. This increase movement beat the Nasdaq, a tech-heavy index, gain of +1.11% for the prior session.
Chevron Corporation (CVX) is focused on the Oil & Gas Integrated sector. This stock market sector has seen some movement from day traders in recent trading sessions. Bullish day traders of Chevron Corporation (CVX) will be looking for positive upcoming earnings whereas bearish day traders of Chevron Corporation (CVX) will be looking for negative earnings. The last time Chevron Corporation (CVX) had an earnings surprise was on Qtr Ending 12/19 when they reported $1.49 compared to an estimate of $1.47 which was a difference of $+0.02 resulting in a change of +1.36%. Current earnings estimates are to be released for Current Qtr 03/2020 on Chevron Corporation (CVX) and out of 7 Wall Street estimates the average is saying $0.64. The high estimate is saying $0.80 whereas the low estimate is saying $0.31 and the prior year Chevron Corporation (CVX) announced earnings at $1.39 a growth rate est. (year over year) of -53.96%.
The market performance of Chevron Corporation (CVX) has varied recently. Year to date Chevron Corporation (CVX)’s shares are down -27.80%. Over the past 12 weeks Chevron Corporation (CVX) is down -21.89% and over the last 4 weeks Chevron Corporation (CVX) is up 13.92%. Chevron Corporation (CVX) current income statement shows revenue (ttm) of $139.86B. Gross Profit is $59.75B. This puts the current EBITDA of Chevron Corporation (CVX) at $29.02B.
Wall street day traders might also notice recent changes to stock analyst estimates for Chevron Corporation (CVX). The stock is trading with an RSI (relative strength index) of 58.13 indicating Chevron Corporation (CVX) is neither overbought nor oversold. Technically, CVX’s short term support levels are around $86.95, $80.07 and $76.20 on the downside. CVXs short term resistance levels are $121.48, $115.97 and $109.33 on the upside. The market cap of Chevron Corporation (CVX) is $167.487B and institutions hold 68.60% of the stock. The outstanding share count stands at 1.87B while the short float (shares short) stands at 0.89%.
Research shows that these estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Chevron Corporation (CVX) has short term rating of Bullish (0.44), Intermediate rating of Neutral (0.10) and long-term rating of Neutral (0.03) giving Chevron Corporation (CVX) an overall rating of Neutral (0.19).
The EPS growth this year on Chevron Corporation (CVX) is decreased -80.00% and is expected to increase 675.70% next year. However, quarterly earnings (EPS) growth year over year on Chevron Corporation (CVX) has decreased by -293.70% and quarterly revenue (Sales) growth year over year stands at -13.20%. Gross margin is detected at 42.90% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 2.10% while return on equity (ttm) is 1.90%.
2020-04-16 – Chevron Sells Azerbaijan Assets To MOL Hungarian Oil And Gas.
2020-04-07 – Chevron Says CEO M.K. Wirth’s 2019 Total Compensation Was $33.1 Mln Versus $20.6 Mln In 2018.
2020-03-30 – Worley Says Chevron Awards Two‐Year Extension To Services Contract For Australian Assets.
2020-03-24 – Chevron CEO Michael Wirth Says No Plans To Cut Dividend – CNBC Interview.
2020-03-24 – Chevron Announces Actions In Response To Market Conditions.
Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. A component of the Dow Jones Industrial Average, San Ramon, CA-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $146 billion in annual revenues and produces in excess of three million barrels per day of oil equivalent.