Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Capital One Financial issued their Q1 2018 earnings per share (EPS) estimates for shares of Occidental Petroleum in a report issued on Thursday. Capital One Financial analyst R. Tullis expects that the oil and gas producer will earn $0.87 per share for the quarter.

A number of other equities research analysts have also issued reports on OXY. Cowen reissued a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum in a research report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and set a $58.00 price target on shares of Occidental Petroleum in a research report on Friday, October 6th. BMO Capital Markets set a $60.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Barclays boosted their price target on Occidental Petroleum from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Finally, Bank of America boosted their price target on Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.87.

Shares of Occidental Petroleum (OXY) opened at $75.55 on Friday. Occidental Petroleum has a 1 year low of $57.20 and a 1 year high of $76.79. The stock has a market capitalization of $57,691.85, a P/E ratio of 107.93, a P/E/G ratio of 6.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned ($0.15) EPS. Occidental Petroleum’s revenue for the quarter was up 13.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Occidental Petroleum by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after acquiring an additional 1,119,588 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Occidental Petroleum by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 11,948,897 shares of the oil and gas producer’s stock worth $715,381,000 after acquiring an additional 418,349 shares during the period. Capital International Investors boosted its stake in shares of Occidental Petroleum by 3.6% during the 3rd quarter. Capital International Investors now owns 8,273,652 shares of the oil and gas producer’s stock worth $531,251,000 after acquiring an additional 289,718 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Occidental Petroleum by 22.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock worth $520,341,000 after acquiring an additional 1,461,761 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Occidental Petroleum by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,564,040 shares of the oil and gas producer’s stock worth $421,505,000 after acquiring an additional 175,502 shares during the period. Institutional investors own 80.24% of the company’s stock.

WARNING: “Occidental Petroleum Co. Forecasted to Earn Q1 2018 Earnings of $0.87 Per Share (OXY)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://theolympiareport.com/2018/01/20/occidental-petroleum-co-forecasted-to-earn-q1-2018-earnings-of-0-87-per-share-oxy.html.

Occidental Petroleum Company Profile

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.

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.