Occidental Petroleum Corp. (OXY) Set to Announce Quarterly Earnings on Tuesday
Occidental Petroleum Corp. (NYSE:OXY) will issue its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.89 per share and revenue of $6.41 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, July 30th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the 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. On average, analysts expect Occidental Petroleum Corp. to post $7.05 EPS for the current fiscal year and $7.34 EPS for the next fiscal year.
Shares of Occidental Petroleum Corp. (NYSE:OXY) opened at 96.88 on Monday. Occidental Petroleum Corp. has a 52-week low of $72.43 and a 52-week 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 $78.062 billion and a price-to-earnings ratio of 17.89.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, December 6th.
A number of research firms have recently commented on OXY. Analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Tuesday, October 8th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum Corp. in a research note to investors on Friday, September 27th. They now have a $98.00 price target on the stock. Finally, analysts at Susquehanna upgraded shares of Occidental Petroleum Corp. from a “neutral” rating to a “positive” rating in a research note to investors on Friday, September 27th. They now have a $115.00 price target on the stock, up previously from $103.00. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Occidental Petroleum Corp. presently has an average rating of “Buy” and an average price target of $103.17.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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