Share on StockTwits

Occidental Petroleum (NYSE:OXY) has earned an average recommendation of “Buy” from the twenty brokerages that are currently covering the stock, ARN reports. Six research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $111.29.

A number of analysts have recently weighed in on OXY shares. Analysts at Morgan Stanley upgraded shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $120.00 price target on the stock, up previously from $110.00. Separately, 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. Finally, 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.

Shares of Occidental Petroleum (NYSE:OXY) traded down 0.49% during mid-day trading on Thursday, hitting $98.92. The stock had a trading volume of 288,936 shares. 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 $101.2 and a 200-day moving average of $96.84. The company has a market cap of $77.118 billion and a P/E ratio of 13.11.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Thursday, July 31st. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Occidental Petroleum will post $7.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, September 8th.

Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.