FY2019 EPS Estimates for Occidental Petroleum (OXY) Decreased by Analyst

Occidental Petroleum (NYSE:OXY) – Research analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research report issued on Thursday, April 19th. Jefferies Group analyst J. Gammel now forecasts that the oil and gas producer will post earnings of $1.66 per share for the year, down from their previous forecast of $1.76. Jefferies Group also issued estimates for Occidental Petroleum’s FY2020 earnings at $2.50 EPS.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $3.59 billion during 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 last year, the company posted ($0.13) EPS.

A number of other equities analysts have also recently weighed in on OXY. BMO Capital Markets reaffirmed a “hold” rating and set a $75.00 price objective on shares of Occidental Petroleum in a research report on Tuesday, February 27th. ValuEngine raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, April 9th. UBS assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, March 7th. They set a “neutral” rating and a $71.00 price objective for the company. JPMorgan Chase lowered their price objective on shares of Occidental Petroleum from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, April 9th. Finally, Cowen set a $85.00 price objective on shares of Occidental Petroleum and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

NYSE:OXY opened at $77.24 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 0.95. The company has a market cap of $58,510.92, a P/E ratio of 86.79, a P/E/G ratio of 4.12 and a beta of 0.65. Occidental Petroleum has a fifty-two week low of $57.20 and a fifty-two week high of $78.09.

A number of institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp lifted its holdings in Occidental Petroleum by 1.9% during the 4th quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock worth $2,664,000 after buying an additional 661 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Occidental Petroleum by 3.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock valued at $1,352,000 after purchasing an additional 679 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Occidental Petroleum by 25.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 714 shares in the last quarter. Hermes Investment Management Ltd. raised its holdings in shares of Occidental Petroleum by 1.6% in the 4th quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock valued at $3,327,000 after purchasing an additional 720 shares in the last quarter. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Occidental Petroleum by 7.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 12,593 shares of the oil and gas producer’s stock valued at $937,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 82.74% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 9th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 3.99%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 346.07%.

ILLEGAL ACTIVITY NOTICE: “FY2019 EPS Estimates for Occidental Petroleum (OXY) Decreased by Analyst” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3383490/fy2019-eps-estimates-for-occidental-petroleum-oxy-decreased-by-analyst.html.

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.

Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Short Interest in Cel-Sci Co.  Increases By 24.2%
Short Interest in Cel-Sci Co. Increases By 24.2%
Camber Energy  Short Interest Down 16.2% in May
Camber Energy Short Interest Down 16.2% in May
Short Interest in Golden Minerals Co  Grows By 8.6%
Short Interest in Golden Minerals Co Grows By 8.6%
Analysts Offer Predictions for U.S. Physical Therapy, Inc.’s FY2018 Earnings
Analysts Offer Predictions for U.S. Physical Therapy, Inc.’s FY2018 Earnings
Post  Earning Somewhat Favorable News Coverage, Analysis Finds
Post Earning Somewhat Favorable News Coverage, Analysis Finds
Somewhat Favorable Press Coverage Somewhat Unlikely to Impact PRA Health Sciences  Share Price
Somewhat Favorable Press Coverage Somewhat Unlikely to Impact PRA Health Sciences Share Price


© 2006-2018 Ticker Report. Google+.