Business

Market Insights on Occidental Petroleum Corp (NYSE:OXY)

Occidental Petroleum Corp (NYSE:OXY) shares traded 0.72% up during most recent session to reach at the closing price of $61.31. The stock exchanged hands 5.3 Million shares versus average trading capacity of 5.3 Million shares, yielding a market cap of $46.88 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $73.48 within the next 52-weeks. The mean target projections are based on 23 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Occidental Petroleum Corp (NYSE:OXY) high price target of $87 and with a conservative view have low price target of $50.

JP Morgan “Upgrades” Occidental Petroleum Corp (NYSE:OXY) in a research note issued to investors on 5/10/17 to Neutral with price target of $0.

Additionally on 3/15/17 Bank of America “Upgrades” Occidental Petroleum Corp (NYSE:OXY) to Buy setting price target at $0 and on 3/14/17 Credit Suisse “Upgrades” the stock to Outperform at $0. Furthermore on 2/13/17 Mizuho “Downgrades” the stock to Neutral at $70.

On the other hand the company has Relative Strength Index (RSI 14) of 48.15 along with Average True Range (ATR 14) of 1.14, Consequently Occidental Petroleum Corp (NYSE:OXY)’s weekly and monthly volatility is 1.52%, 1.76% respectively. The company’s beta value is at 0.71.

In terms of Buy, Sell or Hold recommendations, Occidental Petroleum Corp (NYSE:OXY) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Occidental Petroleum Corp (NYSE:OXY)’s minimum EPS for the current quarter is at $-0.15 and can go high up to $0.33. The consensus mean EPS for the current quarter is at $0.22 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.18 earnings per share for the same quarter during last year.

Previously Occidental Petroleum Corp (NYSE:OXY) reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The company posted an earnings surprise of 114.3%.

While considering growth estimates of the company, it has next quarter growth estimates of 313.3% whereas during current quarter it has 222.2% estimations over growth, comparing to the estimations of 202% during current year and 81.6% for next year. Past 5 years growth of Occidental Petroleum Corp (NYSE:OXY) observed at -53.65%, looking forward for the next 5 years it has a strong prediction of 159.28% over growth.

Occidental Petroleum Corp (NYSE:OXY)’s revenue estimates for the current quarter are $3.13 Billion according to 7 number of analysts, for the current quarter the company has high revenue estimates of $3.25 Billion in contradiction of low revenue estimates of $3.03 Billion. For the current year the company’s revenue estimates are $12.83 Billion compared to low analyst estimates of $12.19 Billion and high estimates of $14.03 Billion according to 7 number of analysts.

Currently Occidental Petroleum Corp (NYSE:OXY)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 86.5%. However the six-month change in the insider ownership was recorded -4.3%, as well as three-month change in the institutional ownership was recorded 0.57%.

Occidental Petroleum Corp (NYSE:OXY) 52-week high price stands at $76.15 and low price stands at $57.20, its price distance from 52-week high is -19.49% while its distance from 52-week low price is 7.19%. The stock hit its 52-week high on 08/30/16, and 52-week low on 05/04/17.

Occidental Petroleum Corp (NYSE:OXY)’s trailing twelve month revenues are $11.03 Billion, whereas its price to sales ratio for the same period is 4.26. Its book value per share for the most recent quarter is $27.58 while its price to book ratio for the same period is 2.22, as for as the company’s cash per share for the most recent quarter is $1.95, however its price to cash per share ratio for the same period is 31.48. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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