Somewhat Positive Press Coverage Somewhat Unlikely to Impact Occidental Petroleum (OXY) Share Price
News coverage about Occidental Petroleum (NYSE:OXY) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Occidental Petroleum earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 45.4306770335969 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Occidental Petroleum Corporation (OXY) Receives “Hold” Rating from Scotiabank (americanbankingnews.com)
- Enthralling Stocks Occidental Petroleum Corporation (NYSE:OXY) a Independent Oil & Gas Company – The Stock Street (press release) (thestreetpoint.com)
- Occidental Petroleum Corporation (OXY) Price Target Increased to $47.00 by Analysts at Barclays PLC (americanbankingnews.com)
- Top Buys by Directors: Batchelder’s $617.7K Bet on Occidental Petroleum (forbes.com)
- Occidental Petroleum Corporation (OXY) Rating Reiterated by Mizuho (americanbankingnews.com)
Occidental Petroleum (NYSE OXY) traded up $0.19 during trading hours on Friday, hitting $68.42. The company had a trading volume of 1,596,187 shares, compared to its average volume of 4,258,787. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $52,212.70, a P/E ratio of 194.94, a P/E/G ratio of 14.53 and a beta of 0.63. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $73.51.
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 analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. Occidental Petroleum’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) earnings per share. research analysts anticipate that Occidental Petroleum will post 0.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, December 8th. Occidental Petroleum’s dividend payout ratio is currently 440.00%.
Several research firms have recently issued reports on OXY. BidaskClub upgraded Occidental Petroleum from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Mizuho restated a “hold” rating and issued a $71.00 price target on shares of Occidental Petroleum in a research report on Friday. Barclays PLC raised their price target on Occidental Petroleum from $45.00 to $47.00 and gave the stock an “underweight” rating in a research report on Monday, November 20th. Scotiabank restated a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum in a research report on Wednesday. Finally, Piper Jaffray Companies set a $55.00 target price on Occidental Petroleum and gave the stock a “hold” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $67.27.
About Occidental Petroleum
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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