Occidental Petroleum Co. to Post Q4 2017 Earnings of $0.42 Per Share, Capital One Financial Forecasts (OXY)

Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Capital One Financial increased their Q4 2017 earnings per share (EPS) estimates for Occidental Petroleum in a report issued on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings of $0.42 per share for the quarter, up from their prior forecast of $0.41. Capital One Financial also issued estimates for Occidental Petroleum’s FY2018 earnings at $3.26 EPS.

Several other equities research analysts have also issued reports on OXY. Morgan Stanley lifted their price target on shares of Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Mizuho set a $79.00 price target on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 16th. Cowen set a $85.00 price target on shares of Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Scotiabank reiterated a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets set a $60.00 price target on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.07.

Shares of Occidental Petroleum (OXY) opened at $71.22 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $78.09. The company has a market cap of $54,263.55, a price-to-earnings ratio of 202.60, a P/E/G ratio of 4.54 and a beta of 0.53.

Several institutional investors and hedge funds have recently made changes to their positions in OXY. Goodman Financial Corp bought a new position in shares of Occidental Petroleum in the 4th quarter valued at about $116,000. Fis Group Inc. bought a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $126,000. Enterprise Financial Services Corp grew its position in shares of Occidental Petroleum by 68.5% in 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 acquiring an additional 806 shares during the period. MPS Loria Financial Planners LLC bought a new position in shares of Occidental Petroleum in the 2nd quarter valued at about $147,000. Finally, Atlantic Trust LLC grew its position in shares of Occidental Petroleum by 23.8% in the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after acquiring an additional 535 shares during the period. 80.21% of the stock is owned by institutional investors.

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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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