The Company's downstream operations manufacture and sell fuels, lubricants, additives and petrochemicals. It's alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen. It's most significant operations are in the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa.
(Summary) (Company) (Chart)
29 May 2017 Price $ 1yr Target $ Analysts Dividend $ Payout Ratio % 1yr Cap Gain % Yield % 1yr Tot Return % P/E PEG Beta | EPS (ttm) $ EPS next yr $ Forward P/E EPS next 5yr % 1yr Price Support $ Market Cap $ Bil Revenues $ Bil Earnings $ Mil Profit Margin % Quick Ratio Current Ratio Debt/Equity | 1yr RevGR % 3yr RevGR % 5yr RevGR % 1yr EarnGR % 3yr EarnGR % 5yr EarnGR % 1yr DivGR % 3yr DivGR % 5yr DivGR % ROA % ROE % |
Today oil companies are adjusting to the new equilibrium and are cutting costs to survive and excel in this new paradigm. The stocks are also carving out new support and resistance levels in which to operate. For Chevron, it now looks like the company is finding support near $100 per share. I also expect it to find moderate resistance near $120 per share and then again near $130 per share.
This is now setting up a nice win-loss ratio where it becomes beneficial to enter into, or add to, a position in Chevron. At about $105 per share, there's the possibility of losing $5 per share or making $15 per share at the first resistance level for a 3/1 ratio. If held through that there's potential for a $25 per share at the second resistance level for a 5/1 ratio. All this while collecting a dividend yielding over 4%.
Based on screens I've been doing it's beginning to be apparent that the entire Energy Sector may be looking up over the next couple of years. This may just be the time to add to my Chevron holdings.