Occidental Petroleum (OXY) Earning Somewhat Positive News Coverage, Study Finds

Press coverage about Occidental Petroleum (NYSE:OXY) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 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 nearest to one being the most favorable. Occidental Petroleum earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.029591165911 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum in a report on Thursday, September 28th. Mizuho reiterated a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America lifted their price objective on shares of Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Barclays lifted their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.00.

Occidental Petroleum (NYSE OXY) traded up $0.71 during trading hours on Tuesday, hitting $76.53. 5,780,900 shares of the company traded hands, compared to its average volume of 3,703,922. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $76.76. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $57,880.00, a PE ratio of 107.79, a PEG ratio of 6.83 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned ($0.15) earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. research analysts predict that Occidental Petroleum will post 0.8 EPS for the current year.

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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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