Chevron Corp Stock Target Price and Analyst Consensus

CVX
 Stock
  

USD 181.03  1.46  0.80%   

The current analyst and expert consensus on Chevron Corp is Buy, with 12 strong buy opinions. The current projected Chevron Corp target price consensus is 128.94 with 18 analyst opinions. The most common way Chevron Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Chevron Corp executives and customers to further validate their buy or sell advice. Chevron Corp buy-or-sell recommendation module provides average expert sentiment on the projected Chevron Corp target price to derive its highest and lowest estimates based on projected price volatility of 15.99. Continue to Macroaxis Advice on Chevron Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
Gross Profit is likely to drop to about 42.6 B in 2022. Profit Margin is likely to drop to 8.59 in 2022. Chevron Corp Liabilities Non Current is fairly stable at the moment as compared to the past year. Chevron Corp reported Liabilities Non Current of 72.8 Billion in 2021. Property Plant and Equipment Net is likely to rise to about 171.2 B in 2022, whereas Inventories is likely to drop slightly above 5.8 B in 2022.

Chevron Corp Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Chevron target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Chevron target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions17
Lowered Outlook0
Raized Outlook0
Buy
Most Chevron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Chevron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Chevron Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Chevron Corp Target Price Projection

Chevron Corp's current and average target prices are 181.03 and 128.94, respectively. The current price of Chevron Corp is the price at which Chevron Corp is currently trading. On the other hand, Chevron Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Chevron Corp Market Quote on 3rd of December 2022

Low Price179.93Odds
High Price183.63Odds

181.03

Target Price

Analyst Consensus On Chevron Corp Target Price

Low Estimate105.0Odds
High Estimate155.0Odds
Number of Analysts18
Standard Deviation15.99

128.944

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Chevron Corp and the information provided on this page.

Chevron Corp Analyst Ratings

Chevron Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Chevron Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Chevron Corp's financials, market performance, and future outlook by experienced professionals. Chevron Corp's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Chevron Corp Target Price Projections

Chevron Corp's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Chevron Corp and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Chevron depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Chevron Corp including analysis of its current option contracts.
Chevron Corp's latest option contracts expiring on 2022-12-09 are carrying combined implied volatility of 32.77 with a put-to-call open interest ratio of 1.22 over 88 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on 2022-12-09. The current put volume is at 10304, with calls trading at the volume of 3054. This yields a 3.37 put-to-call volume ratio. The Chevron Corp option chain provides detailed quote and price information for the current Chevron Corp option contracts. It shows all of Chevron Corp's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-12-09 Option Contracts

Chevron Corp option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Chevron Corp's lending market. For example, when Chevron Corp's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Chevron Corp, he or she must hedge the risk by shorting Chevron Corp stock over its option's life.
The chart above shows Chevron Corp's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Chevron Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Chevron Corp's option, there is no secondary market available for investors to trade.

Chevron Corp Maximum Pain Price across 2022-12-09 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Chevron Corp close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Chevron Corp's stock options are financial instruments that give investors the right to buy or sell shares of Chevron Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Chevron stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Chevron Corp's stock price goes up or down, the stock options follow.
Continue to Macroaxis Advice on Chevron Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Chevron Corp In The Money Call Balance

When Chevron Corp's strike price is surpassing the current stock price, the option contract against Chevron Corp stock is said to be in the money. When it comes to buying Chevron Corp's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Chevron Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Chevron Current Options Market Mood

Chevron Corp's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Chevron Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Chevron Corp's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Chevron Corp's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Chevron Corp's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Chevron Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Chevron Corp is a key component of Chevron Corp valuation and have some predictive power on the future returns of a Chevron Corp.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chevron Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Chevron Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
179.67181.73183.79
Details
Intrinsic
Valuation
LowReal ValueHigh
132.20134.26199.13
Details
Earnings
Estimates (7)
LowProjected EPSHigh
7.638.429.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chevron Corp. Your research has to be compared to or analyzed against Chevron Corp's peers to derive any actionable benefits. When done correctly, Chevron Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chevron Corp.

Additional Chevron Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Chevron Corp is a key component of Chevron Corp valuation and have some predictive power on the future returns of a Chevron Corp.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chevron Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Chevron Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
179.67181.73183.79
Details
Intrinsic
Valuation
LowReal ValueHigh
132.20134.26199.13
Details
Earnings
Estimates (7)
LowProjected EPSHigh
7.638.429.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chevron Corp. Your research has to be compared to or analyzed against Chevron Corp's peers to derive any actionable benefits. When done correctly, Chevron Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chevron Corp.

Trending Themes

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Continue to Macroaxis Advice on Chevron Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Chevron Corp price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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The data published in Chevron Corp's official financial statements usually reflect Chevron Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Chevron Corp. For example, before you start analyzing numbers published by Chevron accountants, it's critical to develop an understanding of what Chevron Corp's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Chevron Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Chevron Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Chevron Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Chevron Corp. Please utilize our Beneish M Score to check the likelihood of Chevron Corp's management to manipulate its earnings.