Occidental Petroleum Corporation (NYSE:OXY) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Occidental Petroleum Corporation to post earnings of $0.09 per share for the quarter.

Occidental Petroleum Corporation (NYSE:OXY) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted ($0.18) EPS. The business’s revenue was up 40.9% on a year-over-year basis. On average, analysts expect Occidental Petroleum Corporation to post $0.71 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.

Occidental Petroleum Corporation (NYSE:OXY) opened at 65.82 on Wednesday. The firm has a 50-day moving average of $63.42 and a 200-day moving average of $61.40. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 463.52 and a beta of 0.67. Occidental Petroleum Corporation has a 1-year low of $57.20 and a 1-year high of $74.89.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.68%. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,369.23%.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Citigroup Inc. lowered shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $66.00 to $58.00 in a research report on Friday, July 21st. Piper Jaffray Companies set a $55.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.73.

ILLEGAL ACTIVITY NOTICE: “Occidental Petroleum Corporation (OXY) Set to Announce Earnings on Wednesday” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/25/occidental-petroleum-corporation-oxy-set-to-announce-earnings-on-wednesday.html.

In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the purchase, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Earnings History for Occidental Petroleum Corporation (NYSE:OXY)

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.