Зошто Chevron Corporation е купувач и покрај тргувањето со максимални 52 недели

Chevron Corporation (NYSE: CVX) at $176 is trading at the year’s highest levels. After facing resistance at $170 since March, the stock is breaking out to find new highs. Zacks Research recommends holding the stock. This analysis considers Chevron a best-buy.

Chevron Corporation is a fully integrated oil and gas company. The majority of the revenues come from upstream business activities. With oil and gas prices rising, Chevron is at the strongest point in a decade.


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Financial analysis shows the basic EPS at $8.15 with an expected growth of 11.55%. The stock paid a dividend of $5.68, amounting to a dividend yield of 3.22%. The ROE stands at 14.75%. At the price of $176, Chevron has a PE of 10.42 and a PEG of 0.90. The latter is a general indication that Chevron is not yet fully valued.

We consider that Chevron is a best-buy as a value, growth, and dividend stock. There can be concerns over the momentum ranking of the stock. However, the stock is currently buoyed by rising oil prices. We expect the prices to remain elevated for at least two years and so will the stock.

Chevron Corporation breaks out to find a new high

Извор - TradingView

Chevron Corporation remains bullish. This week, the stock gained by 5.23%. The RSI indicates that Chevron is trading just below the overbought region. The momentum is bullish. The expectation is that the RSI will remain in this region in the foreseeable future. The stock will gain slowly but steadily.

Резиме

Chevron Corporation is a recommended buy. Though the price is at 52-week highs, there is still room for gains. The stock is attractive for value, growth, and dividend investment.

Каде да се купи сега

За да инвестираат едноставно и лесно, на корисниците им е потребен брокер со ниски хонорари со досегашна сигурност. Следните брокери се високо оценети, признати низ целиот свет и безбедни за употреба:

  1. Ето, на кои веруваат над 13 милиони корисници ширум светот. Регистрирај се овде>
  2. Capital.com, едноставен, лесен за употреба и регулиран. Регистрирај се овде>

*Инвестирањето во крипто средства е нерегулирано во некои земји на ЕУ и во ОК. Нема заштита на потрошувачите. Вашиот капитал е изложен на ризик.

Source: https://invezz.com/news/2022/05/28/why-chevron-corporation-is-a-buy-despite-trading-at-52-week-highs/