News articles about Occidental Petroleum (NYSE:OXY) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Occidental Petroleum earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.758699317054 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
A number of research firms have commented on OXY. ValuEngine raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Cowen reissued a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum in a research note on Thursday, September 28th. Mizuho set a $71.00 price target on shares of Occidental Petroleum and gave the stock a “hold” rating in a research note on Friday, November 24th. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Scotiabank restated a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.27.
Shares of Occidental Petroleum (OXY) traded down $0.54 on Monday, hitting $68.87. 3,063,700 shares of the stock were exchanged, compared to its average volume of 4,497,817. The company has a market cap of $52,700.00, a price-to-earnings ratio of 196.77, a price-to-earnings-growth ratio of 13.97 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum has a 1 year low of $57.20 and a 1 year high of $73.51.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted ($0.15) EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. equities research analysts forecast that Occidental Petroleum will post 0.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.47%. Occidental Petroleum’s dividend payout ratio is currently 433.80%.
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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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