Trade-Ideas LLC identified

Chevron

(

CVX

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Chevron as such a stock due to the following factors:

  • CVX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $609.6 million.
  • CVX traded 14,967 shares today in the pre-market hours as of 8:31 AM.
  • CVX is down 2.4% today from yesterday's close.

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More details on CVX:

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The stock currently has a dividend yield of 4.2%. CVX has a PE ratio of 149. Currently there are 10 analysts that rate Chevron a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Chevron has been 6.6 million shares per day over the past 30 days. Chevron has a market cap of $193.5 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.27 and a short float of 1.7% with 5.80 days to cover. Shares are up 13.7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Chevron as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.

Highlights from the ratings report include:

  • CVX's debt-to-equity ratio is very low at 0.28 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.73 is somewhat weak and could be cause for future problems.
  • CVX, with its decline in revenue, slightly underperformed the industry average of 24.0%. Since the same quarter one year prior, revenues fell by 29.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • CHEVRON CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, CHEVRON CORP reported lower earnings of $2.45 versus $10.14 in the prior year. For the next year, the market is expecting a contraction of 42.4% in earnings ($1.41 versus $2.45).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 128.2% when compared to the same quarter one year ago, falling from $2,567.00 million to -$725.00 million.

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