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.
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.
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