Chevron Rating Downgraded By Argus:

Chevron (NYSE:CVX), in a note issued to investors, was lowered by investment analysts of Argus, from a “buy” rating to a “hold” rating which was reported by TheFlyOnTheWall.com.
Various other analysts have also passed comments on the stock. Forecasters from Jefferies Group started reporting on stock shares of Chevron in a study report on 8th of April. In which they established a $140.00 targeted price and a “buy” rating on the Chevron stock. Moreover, forecasters at Capital Markets of BMO set a “market perform” rating and a targeted price of $125.00 in the stock shares. Lastly, analysts from Cowen and Company, set an “outperform” ranking on the stock. At present, Chevron has a regular rating of “Buy” and a regular targeted price of $129.55.
On Thursday CVX was opened at 126.23. The 1-year low and 1-year high price of the company are $109.27 and $127.83 respectively. Now the stock’s moving average of 50-days and 200-days are of $120.7 and of $119.3 respectively. The company also has a price-to-earnings ratio of 12.17 and a market cap of 240.3 billion dollar.
In other Chevron stock news, final quarterly earnings results of the company was posted on Friday, 2nd of May. CVX has reported the (EPS) earnings per stock share as $2.36 of the quarter, coming short of the consensus approximate of $2.51 by $0.15. The company had total revenue of $53.27 billion for the quarter, as equated to consensus estimate of $54.47 billion. For the recent quarter, the company’s revenue came down 6.3% on a year-over-year basis.

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