Occidental Petroleum Corp. Sees Unusually High Options Volume (OXY)
Shares of Occidental Petroleum Corp. (NYSE:OXY) saw unusually large options trading on Thursday. Investors acquired 6,601 put options on the stock, Analyst RN reports. This is an increase of 140% compared to the typical daily volume of 2,753 put options.
A number of analysts have recently weighed in on OXY shares. Analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Tuesday, January 21st. Separately, analysts at Barclays raised their price target on shares of Occidental Petroleum Corp. from $108.00 to $113.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Occidental Petroleum Corp. has a consensus rating of “Buy” and an average price target of $105.68.
Occidental Petroleum Corp. (NYSE:OXY) traded up 0.55% during mid-day trading on Thursday, hitting $88.30. The stock had a trading volume of 5,523,023 shares. Occidental Petroleum Corp. has a 52 week low of $77.21 and a 52 week high of $99.42. The stock’s 50-day moving average is $92.18 and its 200-day moving average is $92.55. The company has a market cap of $71.175 billion and a price-to-earnings ratio of 15.43.
Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.79 billion. Analysts expect that Occidental Petroleum Corp. will post $7.00 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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