Occidental Petroleum Corp. (NYSE:OXY) saw unusually large options trading activity on Friday. Investors purchased 6,728 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 315% compared to the average volume of 1,620 put options.
Several analysts have recently commented on the stock. Analysts at Guggenheim initiated coverage on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Thursday. They set a “buy” rating and a $110.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Tuesday, September 3rd. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Friday, August 23rd.
Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.10.
Occidental Petroleum Corp. (NYSE:OXY) traded down 1.67% on Friday, hitting $89.49. The stock had a trading volume of 9,304,455 shares. Occidental Petroleum Corp. has a one year low of $72.43 and a one year high of $95.57. The stock’s 50-day moving average is $88.47 and its 200-day moving average is $87.36. The company has a market cap of $72.108 billion and a price-to-earnings ratio of 16.78.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, July 30th. The company reported $1.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.68 by $0.10. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the company posted $1.64 earnings per share. Occidental Petroleum Corp.’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Occidental Petroleum Corp. will post $7.03 earnings per share for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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