Occidental Petroleum Receives Average Recommendation of “Buy” from Brokerages (NYSE:OXY)
Shares of Occidental Petroleum (NYSE:OXY) have earned a consensus rating of “Buy” from the twenty analysts that are presently covering the stock, AR Network reports. Six analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $110.07.
Occidental Petroleum (NYSE:OXY) opened at 101.45 on Wednesday. Occidental Petroleum has a 52-week low of $84.91 and a 52-week high of $105.64. The stock has a 50-day moving average of $99.18 and a 200-day moving average of $95.15. The company has a market cap of $79.701 billion and a price-to-earnings ratio of 13.73.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.69 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on OXY shares. 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.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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