Occidental Petroleum Corp. Given “Buy” Rating at TheStreet (OXY)
Occidental Petroleum Corp. (NYSE:OXY)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Monday, Analyst RN 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, compelling growth in net income, impressive record of earnings per share growth and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Occidental Petroleum Corp. (NYSE:OXY) opened at 88.15 on Monday. 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 $91.84 and a 200-day moving average of $92.47. The company has a market cap of $71.054 billion and a P/E ratio of 11.97.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Thursday, January 30th. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters 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 $7.04 EPS for the current fiscal year.
OXY has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of Occidental Petroleum Corp. from $98.00 to $95.00 in a research note to investors on Friday. 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum Corp. in a research note to investors on Thursday, January 9th. They now have a $100.00 price target on the stock. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $106.17.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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