TheStreet reaffirmed their buy rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a report issued on Monday, AnalystRatingsNetwork reports.
“Occidental Petroleum Corporation (OXY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.,” TheStreet’s analyst wrote.
Shares of Occidental Petroleum Corp. (NYSE:OXY) opened at 90.95 on Monday. Occidental Petroleum Corp. has a 52 week low of $74.82 and a 52 week high of $99.42. The stock’s 50-day moving average is $95.56 and its 200-day moving average is $92.28. The company has a market cap of $73.311 billion and a P/E ratio of 16.01.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, October 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.89 by $0.08. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the company posted $1.70 earnings per share. Occidental Petroleum Corp.’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Occidental Petroleum Corp. will post $7.07 EPS for the current fiscal year.
In other Occidental Petroleum Corp. news, Director Eugene Batchelder acquired 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $93.71 per share, with a total value of $93,710.00. Following the completion of the transaction, the director now directly owns 4,574 shares of the company’s stock, valued at approximately $428,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of Occidental Petroleum Corp. from an equal weight rating to an overweight rating in a research note to investors on Monday, November 4th. They now have a $108.00 price target on the stock, up previously from $93.00. Separately, analysts at RBC Capital raised their price target on shares of Occidental Petroleum Corp. from $95.00 to $100.00 in a research note to investors on Wednesday, October 30th. They now have a sector perform rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Occidental Petroleum Corp. in a research note to investors on Wednesday, October 30th. They now have a $101.00 price target on the stock. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $105.47.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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