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CVX / Chevron's PDC Energy acquisition adds to ‘Outperform' case, says broker

Chevron's PDC Energy acquisition adds to ‘Outperform' case, says broker
Chevron Corporation (NYSE:CVX)'s planned acquisition of PDC Energy Inc is another example of the company effectively using its premium multiple to acquire companies, analysts at RBC Capital Market said as they upgraded the stock to ‘Outperform'. What's more, it is purchasing a company trading at a materially higher free cash flow (FCF) multiple, driving accretion across key metrics, the analysts wrote in a client note. Read More
Posted: Jun 5 2023, 13:16
Author Name: Proactive Investors
Views: 081428

CVX News  

A Fleeting Opportunity To Upgrade Your Dividend Portfolio Quality

By Seeking Alpha
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A Fleeting Opportunity To Upgrade Your Dividend Portfolio Quality

Dividend investors have a chance to upgrade their portfolios with high-quality dividend growth stocks at bargain prices. The recent drop in long-term more_horizontal

Buy Chevron Stock. It's Been Punished Enough for Earnings, Hess Deal.

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Buy Chevron Stock. It's Been Punished Enough for Earnings, Hess Deal.

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By Zacks Investment Research
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Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It

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By InvestorPlace
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By Finbold
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Last month, it came to light that several US congressional leaders have been strategically investing in war-related stocks amid the ongoing conflict i more_horizontal

Chevron struggles to exit Myanmar gas project after nearly two years

By Reuters
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Chevron struggles to exit Myanmar gas project after nearly two years

Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company sai more_horizontal

Earnings Growth Turns Positive

By Zacks Investment Research
November 1, 2023

Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector d more_horizontal

Earnings Growth Turns Positive

By Zacks Investment Research
November 1, 2023

Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector d more_horizontal


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