Occidental Petroleum Hits New 12-Month High at $105.50 (OXY)
Occidental Petroleum (NYSE:OXY) reached a new 52-week high during mid-day trading on Monday , American Banking & Market News reports. The stock traded as high as $105.50 and last traded at $105.50, with a volume of 2,759,811 shares traded. The stock had previously closed at $104.00.
OXY has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum in a research note on Friday, June 13th. They now have a $106.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Occidental Petroleum in a research note on Friday, June 13th. They set a “buy” rating and a $114.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Occidental Petroleum in a research note on Tuesday, June 10th. They set a “hold” rating and a $110.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $110.07.
The stock has a 50-day moving average of $98.81 and a 200-day moving average of $95.0. The company has a market cap of $82.509 billion and a price-to-earnings ratio of 14.08.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.05. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Occidental Petroleum will post $7.20 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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