NEW YORK (TheStreet) -- Shares of Chevron Corp  (CVX) were sliding, down 1.31% to $106.62 in early market trading Monday, after analysts at Goldman Sachs downgraded the company to "sell" from "neutral" this morning.

Goldman analysts also issued a price target of $99, down from its prior $111 on lower earnings estimates.

Analysts believe the energy giant will face margin pressure in Africa and Australia.

The firm added that it sees risk to Chevron's 2017 production guidance.

Goldman said the company is burning through free cash flow, which should limit dividend growth in the coming quarters.

San Ramon, Calif.-based Chevron is a holding company that is engaged in petroleum operations, chemicals operations, mining operations, and power and energy services through its subsidiaries.

Separately, TheStreet Ratings team rates CHEVRON CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CHEVRON CORP (CVX) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow."

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