Don't Judge Chevron on Technicals Alone - Check Its Fundamentals!

By Susan Ramirez • Monday, August 14 12:05 • Permanent Link

Chevron logged a 0.0% change during today's afternoon session, and is now trading at a price of $164.16 per share. The S&P 500 index moved 0.0%. CVX's trading volume is 2,373,662 compared to the stock's average volume of 7,976,438.

Chevron trades -11.86% away from its average analyst target price of $186.24 per share. The 25 analysts following the stock have set target prices ranging from $165.0 to $209.0, and on average have given Chevron a rating of buy.

Anyone interested in buying CVX should be aware of the facts below:

Chevron's current price is 49.6% above its Graham number of $109.72, which implies that at its current valuation it does not offer a margin of safety
Chevron has moved 7.0% over the last year, and the S&P 500 logged a change of 6.0%
Based on its trailing earnings per share of 18.52, Chevron has a trailing 12 month Price to Earnings (P/E) ratio of 8.9 while the S&P 500 average is 15.97
CVX has a forward P/E ratio of 11.7 based on its forward 12 month price to earnings (EPS) of $14.06 per share
The company has a price to earnings growth (PEG) ratio of -1.61 — a number near or below 1 signifying that Chevron is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 1.94 compared to its sector average of 1.68
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.
Based in San Ramon, the company has 43,846 full time employees and a market cap of $306.89 Billion. Chevron currently returns an annual dividend yield of 3.6%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.