FY2017 EPS Estimates for Occidental Petroleum Co. Increased by Capital One Financial (OXY)

Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Capital One Financial boosted their FY2017 earnings estimates for shares of Occidental Petroleum in a research report issued on Thursday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will earn $0.89 per share for the year, up from their previous forecast of $0.58. Capital One Financial also issued estimates for Occidental Petroleum’s Q4 2017 earnings at $0.41 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.77 EPS and FY2018 earnings at $3.25 EPS.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned ($0.15) EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on OXY. Scotiabank reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, November 22nd. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Occidental Petroleum in a research note on Friday, October 6th. Mizuho set a $79.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group started coverage on shares of Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.87.

Shares of Occidental Petroleum (NYSE OXY) opened at $75.55 on Monday. Occidental Petroleum has a 12 month low of $57.20 and a 12 month high of $76.79. The stock has a market cap of $57,814.26, a price-to-earnings ratio of 107.93, a PEG ratio of 6.36 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Large investors have recently bought and sold shares of the stock. Fis Group Inc. bought a new stake in Occidental Petroleum during the 3rd quarter valued at $126,000. Enterprise Financial Services Corp raised its holdings in Occidental Petroleum by 68.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 806 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Occidental Petroleum during the 2nd quarter valued at $147,000. Atlantic Trust LLC raised its holdings in Occidental Petroleum by 23.8% during the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after buying an additional 535 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings in Occidental Petroleum by 139.4% during the 2nd quarter. Sandy Spring Bank now owns 2,851 shares of the oil and gas producer’s stock valued at $171,000 after buying an additional 1,660 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

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Occidental Petroleum Company Profile

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 and Estimates for Occidental Petroleum (NYSE:OXY)

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