Company Update: Chevron Corporation (NYSE:CVX) – Chevron in talks for LNG supplies to China

[AAP] – Energy giant Chevron has signed a preliminary agreement with China’s ENN LNG Trading company to supply liquefied natural gas from its Gorgon LNG project in Western Australia. US-listed Chevron, which is … Read more on this. Chevron Corporation (CVX) , with a current market cap of $157.47B, started the session at $81.64. Looking at the equity, the company’s one day range is $80.87 to $83.81 with its 52-week range being $69.58 to $112.93. CVX shares are currently priced at 24.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.54x earnings multiple for the same period. The company pays shareholders $4.28 per share in dividend income per year, for a current yield of 5.01%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.45 per share, which would be $1.40 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $3.46, which would be a $6.68 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.19 Billion. If reported, that would be a 36.67% decrease over the year-ago quarter. In terms of ratings, Macquarie upgraded CVX from Neutral to Outperform (Dec 21, 2015). Previously, Macquarie Initiated CVX at to Underperform. The average price target for CVX shares is $97.64, which is 19.60% above where the stock opened this morning. See more in (NYSE:CVX) Similar Articles: Stock Update: Chevron Corporation (NYSE:CVX) – Chevron Announces Quarterly Dividend Market Update (NYSE:CVX): Visa and Chevron Bring Mobile Payments to the Pump Company Update: Chevron Corporation (NYSE:CVX) – Chevron’s 2015 Fuel Your School Program Launches with up to $8.8 Million Available for Education Projects in the U.S.