Occidental Petroleum Corp. Price Target Cut to $95.00 by Analysts at UBS AG (OXY)

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Equities research analysts at UBS AG dropped their price target on shares of Occidental Petroleum Corp. (NYSE:OXY) from $98.00 to $95.00 in a research note issued to investors on Friday, ARN reports. UBS AG’s target price would indicate a potential upside of 7.54% from the company’s current price.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded down 0.13% during mid-day trading on Friday, hitting $88.188. 3,122,700 shares of the company’s stock traded hands. Occidental Petroleum Corp. has a 52 week low of $77.21 and a 52 week high of $99.42. The stock’s 50-day moving average is $91.95 and its 200-day moving average is $92.49. The company has a market cap of $71.085 billion and a price-to-earnings ratio of 15.52. Occidental Petroleum Corp. also was the recipient of unusually large options trading on Thursday. Investors bought 6,601 put options on the company. This represents an increase of 140% compared to the typical volume of 2,753 put options.

Occidental Petroleum Corp. (NYSE:OXY) last released its earnings data on Thursday, January 30th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.79 billion. On average, analysts predict that Occidental Petroleum Corp. will post $7.00 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Tuesday, January 21st. Separately, analysts at Barclays raised their price target on shares of Occidental Petroleum Corp. from $108.00 to $113.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $105.74.

Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.

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