Occidental Petroleum (OXY) to Release Quarterly Earnings on Thursday
Occidental Petroleum (NYSE:OXY) is scheduled to issue its quarterly earnings data on Thursday, July 31st. Parties interested in listening to the company’s conference call can do so using this link.
Occidental Petroleum (NYSE:OXY) last released its earnings data 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. On average, analysts expect Occidental Petroleum to post $7.29 EPS for the current fiscal year and $7.49 EPS for the next fiscal year.
Shares of Occidental Petroleum (NYSE:OXY) opened at 99.33 on Wednesday. Occidental Petroleum has a one year low of $84.91 and a one year high of $105.64. The stock has a 50-day moving average of $101.6 and a 200-day moving average of $96.56. The company has a market cap of $78.035 billion and a P/E ratio of 13.51.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, September 8th.
A number of research firms have recently commented on OXY. Analysts at Barclays cut their price target on shares of Occidental Petroleum from $120.00 to $117.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Occidental Petroleum from $110.00 to $114.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Occidental Petroleum currently has an average rating of “Buy” and an average target price of $110.62.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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