Occidental Petroleum Corp. (NYSE:OXY)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Friday, AnalystRatingsNetwork reports.
The analysts wrote, “Occidental Petroleum Corporation (OXY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
A number of other analysts have also recently weighed in on OXY. Analysts at Atlantic Securities initiated coverage on shares of Occidental Petroleum Corp. in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Separately, analysts at Barclays upgraded shares of Occidental Petroleum Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, November 4th. They now have a $108.00 price target on the stock, up previously from $93.00. Finally, analysts at RBC Capital raised their price target on shares of Occidental Petroleum Corp. from $95.00 to $100.00 in a research note to investors on Wednesday, October 30th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Occidental Petroleum Corp. has a consensus rating of “Buy” and a consensus target price of $105.47.
In other Occidental Petroleum Corp. news, Director Carlos Gutierrez acquired 5,000 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $91.32 per share, with a total value of $456,600.00. Following the acquisition, the director now directly owns 28,484 shares in the company, valued at approximately $2,601,159. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 0.79% during mid-day trading on Friday, hitting $94.772. The stock had a trading volume of 1,451,658 shares. Occidental Petroleum Corp. has a one year low of $74.82 and a one year high of $99.42. The stock’s 50-day moving average is $94.71 and its 200-day moving average is $92.26. The company has a market cap of $76.392 billion and a price-to-earnings ratio of 16.52.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, October 29th. The company reported $1.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.08. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Occidental Petroleum Corp. will post $7.06 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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