Occidental Petroleum Corporation (OXY) Set to Announce Earnings on Wednesday
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.
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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.
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