- Chevron (CVX, Financial) faces operational challenges due to a tragic incident on its oil platform in Angola.
- Analysts predict an average upside potential of 17.41% for Chevron shares over the next year.
- GuruFocus estimates suggest the stock is undervalued with a fair value upside of 11.24%.
Chevron (NYSE: CVX) recently encountered a severe setback on its offshore oil platform near Angola, where a fire on May 20 resulted in three fatalities and 17 injuries, four of which are considered serious. The platform is currently inactive, with recovery efforts underway and no definitive timeline for resuming operations.
Analyst Price Forecast and Recommendations
Chevron Corp's (CVX, Financial) future price trajectory, as forecasted by 21 industry analysts, suggests an average target price of $161.15. The projections vary, with a high of $186.00 and a low of $124.00, indicating potential for a substantial 17.41% uptick from the current trading price of $137.26. For a detailed analysis of these projections, please visit the Chevron Corp (CVX) Forecast page.
When examining broker recommendations, Chevron is rated as "Outperform" by 24 brokerage firms, with an average recommendation score of 2.4. This score sits on a scale from 1 to 5, where 1 suggests a Strong Buy and 5 denotes a Sell.
GuruFocus Valuation Analysis
According to GuruFocus' valuation metrics, the estimated GF Value for Chevron Corp (CVX, Financial) is $152.69 over the next year. This represents an upside potential of 11.24% from its current price of $137.26. The GF Value is derived from a combination of historical trading multiples, past business growth rates, and projected future business performance. Additional insights are available on the Chevron Corp (CVX) Summary page.
