Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Occidental Petroleum (OXY) Share Price

Press coverage about Occidental Petroleum (NYSE:OXY) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog 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 daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 45.7763712180229 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

OXY has been the subject of several research analyst reports. Mizuho set a $79.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, January 16th. Credit Suisse Group initiated coverage on shares of Occidental Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $62.00 price objective for the company. Cowen set a $85.00 price objective on shares of Occidental Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase boosted their price objective on shares of Occidental Petroleum from $74.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $72.29.

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Shares of NYSE OXY traded down $0.24 during midday trading on Friday, reaching $67.53. 6,898,770 shares of the company were exchanged, compared to its average volume of 6,046,736. The stock has a market cap of $51,854.13, a PE ratio of 75.88, a PEG ratio of 3.89 and a beta of 0.65. Occidental Petroleum has a one year low of $57.20 and a one year high of $78.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. sell-side analysts predict that Occidental Petroleum will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.56%. Occidental Petroleum’s dividend payout ratio is 346.07%.

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Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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