- The arbitration outcome between Exxon Mobil, Hess, and CNOOC is pivotal for Chevron's $53 billion acquisition plans.
- Chevron's average price target indicates a potential 8.71% increase from its current stock price.
- Chevron holds an "Outperform" rating with a GF Value suggesting moderate upside potential.
The outcome of a critical legal arbitration involving industry giants Exxon Mobil (XOM) and Hess (HES) stands to significantly impact Chevron's (CVX) prospective $53 billion purchase of Hess. The arbitration centers on Exxon and CNOOC's claim to a first refusal right concerning Hess' Guyana oil stake.
Wall Street Analysts' Forecasts
Delving into the projections provided by 21 financial analysts, Chevron Corp's stock is anticipated to reach an average price target of $161.30 over the next year. This projection ranges from a high estimate of $186.00 to a low of $124.00, suggesting a potential upside of 8.71% from its present value of $148.37. For further insight into these projections, visit the Chevron Corp (CVX, Financial) Forecast page.
In terms of brokerage endorsements, Chevron currently enjoys an "Outperform" rating, derived from a consensus of recommendations by 24 brokerage firms. The average recommendation stands at 2.4 on a scale where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus's proprietary metrics estimate Chevron's GF Value to be $153.56 within the coming year, positing a 3.5% upside from the current price of $148.37. The GF Value, a guru-calculated fair valuation, is derived from historical trading multiples, past business growth, and future business performance estimates. For comprehensive data, explore the Chevron Corp (CVX, Financial) Summary page.
