Justin Sullivan/Getty Images News
Chevron (NYSE: CVX) shares rose on Friday, securing their seventh straight session in the green and gaining about 4% in the same period.
The energy company rose 0.57% on Friday. Year to date, the CVX is up about 8%, underperforming the S&P 500 Index. which is up about 9% over that period. On a 12-month reading, CVX was down around 4%.
Looking at Seeking Alpha’s Quant Ratings, CVX had a Hold rating, with a score of 3.36 out of 5. The company received an A+ for its profitability but a D for growth prospects. The stock also earned a D+ in terms of rating compared to a C- six months ago.
Turning to the Wall Street community, approximately 17 analysts surveyed over the last 90 days rated CVX a Buy or higher. Meanwhile, seven other analysts have rated the company a Hold.
Alpha-seeking analysts generally viewed the company as a buy. SA analyst Fluidsdoc endorsed CVX as a Hold, commenting that “Chevron’s $53 billion deal to acquire Hess Corp. was met with a negative reaction from Wall Street, causing the stock price to decline Chevron shares”.
There may be some salvation for the deal as secondary talks are now underway between the parties, the analyst added.
CVX is estimated to release fiscal first-quarter results on April 26. An analyst consensus expects the company to earn $2.96 per share on revenue of $51.08 billion.