TheStreet Reiterates “Buy” Rating for Occidental Petroleum Corp. (OXY)
Occidental Petroleum Corp. (NYSE:OXY)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Sunday, StockRatingsNetwork reports.
The analysts wrote, “Occidental Petroleum Corporation (OXY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
OXY has been the subject of a number of other recent research reports. Analysts at Iberia Capital initiated coverage on shares of Occidental Petroleum Corp. in a research note to investors on Tuesday, December 31st. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Atlantic Securities initiated coverage on shares of Occidental Petroleum Corp. in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Finally, analysts at Barclays upgraded shares of Occidental Petroleum Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, November 4th. They now have a $108.00 price target on the stock, up previously from $93.00. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $105.44.
Occidental Petroleum Corp. (NYSE:OXY) opened at 93.52 on Friday. Occidental Petroleum Corp. has a 1-year low of $77.21 and a 1-year high of $99.42. The stock has a 50-day moving average of $94.3 and a 200-day moving average of $92.35. The company has a market cap of $75.383 billion and a price-to-earnings ratio of 16.49. Occidental Petroleum Corp. also was the recipient of some unusual options trading on Thursday. Stock investors purchased 13,502 call options on the stock. This represents an increase of 112% compared to the typical daily volume of 6,372 call options.
Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.08. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Occidental Petroleum Corp. will post $7.06 earnings per share for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.