RBC Capital analyst Biraj Borkhataria maintained a Buy rating on Chevron (CVX – Research Report) on April 26 and set a price target of $190.00. The company’s shares closed last Friday at $165.89.
According to TipRanks, Borkhataria is a 4-star analyst with an average return of 4.8% and a 61.86% success rate.
Currently, the analyst consensus on Chevron is a Strong Buy with an average price target of $185.20, representing an 11.64% upside. In a report released on April 26, Jefferies also maintained a Buy rating on the stock with a $190.00 price target.
The company has a one-year high of $168.08 and a one-year low of $138.11. Currently, Chevron has an average volume of 8.27M.
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Chevron (CVX) Company Description:
Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant. The Downstream segment comprises refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company was founded in 1906 and is headquartered in San Ramon, CA.
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