Occidental Petroleum Corp. Given New $109.00 Price Target at Deutsche Bank (OXY)
Equities researchers at Deutsche Bank dropped their target price on shares of Occidental Petroleum Corp. (NYSE:OXY) to $109.00 in a research report issued on Monday, AnalystRatingsNetwork reports. Deutsche Bank’s price objective would indicate a potential upside of 21.80% from the company’s current price.
OXY has been the subject of a number of other recent research reports. 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.95.
Occidental Petroleum Corp. (NYSE:OXY) opened at 89.49 on Monday. Occidental Petroleum Corp. has a 1-year low of $72.43 and a 1-year high of $95.57. The stock’s 50-day moving average is $88.42 and its 200-day moving average is $87.41. The company has a market cap of $72.108 billion and a P/E ratio of 16.50. Occidental Petroleum Corp. also was the target of some unusual options trading on Friday. Stock traders purchased 43,684 call options on the stock. This represents an increase of 573% compared to the average daily volume of 6,493 call options.
Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters 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 $7.07 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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