Occidental Petroleum Corp. Now Covered by Analysts at Guggenheim (OXY)
Research analysts at Guggenheim began coverage on shares of Occidental Petroleum Corp. (NYSE:OXY) in a report released on Thursday, AnalystRatings.Net reports. The firm set a “buy” rating on the stock.
Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 0.21% on Thursday, hitting $91.01. 3,774,751 shares of the company’s stock traded hands. Occidental Petroleum Corp. has a 1-year low of $72.43 and a 1-year high of $95.57. The stock has a 50-day moving average of $88.47 and a 200-day moving average of $87.33. The company has a market cap of $73.332 billion and a P/E ratio of 16.74.
Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings data 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 in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Occidental Petroleum Corp. will post $7.03 EPS for the current fiscal year.
A number of other firms have also recently commented on OXY. 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.
Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $101.68.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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