Occidental Petroleum Now Covered by Global Hunter Securities (OXY)

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Equities research analysts at Global Hunter Securities started coverage on shares of Occidental Petroleum (NYSE:OXY) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $110.00 price target on the stock. Global Hunter Securities’ price target would indicate a potential upside of 13.24% from the company’s current price.

Shares of Occidental Petroleum (NYSE:OXY) traded down 0.78% on Wednesday, hitting $96.38. 1,277,596 shares of the company’s stock traded hands. Occidental Petroleum has a 52-week low of $84.51 and a 52-week high of $99.42. The stock has a 50-day moving average of $95.53 and a 200-day moving average of $94.44. The company has a market cap of $76.598 billion and a price-to-earnings ratio of 13.28.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.79 billion. Analysts expect that Occidental Petroleum will post $7.05 EPS for the current fiscal year.

A number of other firms have also recently commented on OXY. Analysts at Barclays cut their price target on shares of Occidental Petroleum from $113.00 to $112.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Occidental Petroleum in a research note on Wednesday, April 2nd. They set an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Occidental Petroleum from $110.00 to $107.00 in a research note on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $107.00.

Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.

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