Occidental Petroleum Corp. Sees Unusually High Options Volume (OXY)
Shares of Occidental Petroleum Corp. (NYSE:OXY) was the target of some unusual options trading activity on Thursday. Investors acquired 26,629 call options on the stock, StockRatingsNetwork reports. This is an increase of approximately 288% compared to the average volume of 6,856 call options.
A number of analysts have recently weighed in on OXY shares. Analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum Corp. in a research note to investors on Thursday. They now have a $100.00 price target on the stock. Separately, analysts at Howard Weil downgraded shares of Occidental Petroleum Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday. They now have a $106.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Sunday, January 5th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $105.42.
Shares of Occidental Petroleum Corp. (NYSE:OXY) opened at 94.84 on Friday. Occidental Petroleum Corp. has a one year low of $77.21 and a one year high of $99.42. The stock has a 50-day moving average of $94.03 and a 200-day moving average of $92.47. The company has a market cap of $76.447 billion and a price-to-earnings ratio of 16.66.
Occidental Petroleum Corp. (NYSE:OXY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.70 earnings per share. Occidental Petroleum Corp.’s revenue was up 8.1% compared to the same quarter last year. 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.
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