Analysts Still Like Chevron, Cite Strong FCF & Balance Sheet As Key Amid OPEC And Recession Fears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Benzinga
Chevron's Earnings Report: Chevron Corporation reported mixed first-quarter earnings, with revenues of $47.61 billion falling short of expectations, while adjusted EPS met consensus. The company announced a reduction in its share buyback program and maintained capital expenditure guidance amid macroeconomic challenges in the energy sector.
Analyst Ratings and Market Response: Analysts from B of A Securities and RBC Capital Markets maintained positive ratings on Chevron, highlighting its strong financial position and prudent management strategy. Despite a slight decline in stock price, they believe Chevron remains an appealing investment option within the energy market.
Analyst Views on DRLL
Wall Street analysts forecast DRLL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRLL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.756
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Current: 30.756
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
