July 28, 2017

Chevron Corporation (NYSE:CVX) revenue surged to $33 billion

On Friday, Chevron Corporation (NYSE:CVX) said announced net income of $1.5 billion, or 77 cents a share, in the second quarter, after a loss of $1.5 billion, or 78 cents a share, in the year-earlier period.

The basic materials company’s earnings include impairments and other non-cash charges of $430 million, which were partly offset by asset sales of $160 million. Chevron Corporation (NYSE:CVX) revenue surged to $33 billion from $28 billion. The FactSet consensus was for EPS of 86 cents and revenue of $33 billion. The company said its upstream operations had a loss of $102 million, narrower than the loss of $1.11 billion from the year-earlier period. “The improvement reflected lower impairment charges, higher crude oil and natural gas realizations, higher gains on asset sales, and lower operating expenses,” the company said.

Chevron Corporation (NYSE:CVX)’s stock on Thursday traded at beginning with a price of $104.88 and when day-trade ended the stock finally surged 0.94% to reach at $106.11. Analyst’s mean target price for CVX is $122.04 while analysts mean recommendation is 2.20. Stock value has moved between $97.35 – 119.22 in last one year.

Analyst’s ratings play a very important role in outlining a stock’s performance. Let us check out how analysts have ranked CVX based on current scenarios. Stock has got OUTPERFORM rating from 11 analyst(s) whereas last month 11 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 6 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for CVX and estimated EPS for next quarter is $ 0.85 .

Chevron Corporation (NYSE:CVX) yearly performance is 3.76% and net profit margin is 2.50%. Annual EPS Growth of past 5 years is -15.10%. The current share price indicates that stock is -10.83% away from its one year high and is moving 8.80% ahead of its 52-week low.

On 27 July 2017, Corning Incorporated (NYSE:GLW) stock price started the day at $30.42 and moved between $29.17 – 30.57 to finally close at $29.49. GLW’s distance from 20 day simple moving average is -4.51% and distance from 50-Day simple moving average is -1.74%. In last 4 months performance of GLW was 1.62% while its price to sale ratio is 2.81 and price to book ratio is 1.70.

Analysts expect Corning Incorporated (NYSE:GLW) to report $ 0.43 EPS and has got OUTPERFORM rating from 2 of Thomson Reuters analysts and 1 analyst(s) given UNDERPERFORM rating. Analyst’s mean target price for GLW is $29.50 while analysts mean recommendation is 2.60. Firm LT growth rate is estimated as 9.35 %.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX)’s stock on Thursday traded at beginning with a price of $17.90 and when day-trade ended the stock finally plummeted -3.60% to reach at $17.13. Analysts mean recommendation is 3.00. Stock value has moved between $8.32 – 32.94 in last one year.

Stock has got OUTPERFORM rating from 1 analyst(s) whereas last month 1 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 2 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Hold for VRX and estimated EPS for next quarter is $ 0.91 .

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) yearly performance is -27.08% and net profit margin is -15.00%. Annual EPS Growth of past 5 years is 61.43%. The current share price indicates that stock is -47.69% away from its one year high and is moving 106.11% ahead of its 52-week low.

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