Somewhat Favorable News Coverage Somewhat Unlikely to Impact Occidental Petroleum (OXY) Stock Price
News coverage about Occidental Petroleum (NYSE:OXY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Occidental Petroleum earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.0817825294824 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Occidental Petroleum (NYSE:OXY) traded up $0.71 on Friday, hitting $76.53. The stock had a trading volume of 5,780,937 shares, compared to its average volume of 3,703,922. The stock has a market capitalization of $58,560.00, a price-to-earnings ratio of 107.79, a P/E/G ratio of 7.19 and a beta of 0.65. Occidental Petroleum has a one year low of $57.20 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.
Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) earnings per share. equities analysts expect that Occidental Petroleum will post 0.79 earnings per share for the current year.
OXY has been the subject of a number of recent research reports. Mizuho set a $71.00 price objective on Occidental Petroleum and gave the company a “hold” rating in a research report on Friday, November 24th. Scotiabank reiterated a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Barclays increased their price objective on Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Credit Suisse Group initiated coverage on Occidental Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.00.
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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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