Occidental Petroleum (NYSE:OXY) is set to release its earnings data after the market closes on Monday, November 5th. Analysts expect Occidental Petroleum to post earnings of $1.46 per share for the quarter.
Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.11). Occidental Petroleum had a net margin of 15.36% and a return on equity of 9.68%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the business earned $0.15 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, analysts expect Occidental Petroleum to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE OXY opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.36. Occidental Petroleum has a twelve month low of $62.47 and a twelve month high of $87.67. The firm has a market cap of $52.24 billion, a P/E ratio of 76.75, a PEG ratio of 1.86 and a beta of 0.80.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 10th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, December 7th. Occidental Petroleum’s dividend payout ratio (DPR) is 350.56%.
In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $78.55 per share, with a total value of $392,750.00. Following the transaction, the director now owns 77,963 shares in the company, valued at approximately $6,123,993.65. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.
Several research firms recently weighed in on OXY. ValuEngine downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Friday. Mizuho reissued a “buy” rating on shares of Occidental Petroleum in a report on Tuesday, July 24th. Zacks Investment Research raised Occidental Petroleum from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Wednesday, October 10th. National Alliance Securities raised Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Finally, Mitsubishi UFJ Financial Group lowered their target price on Occidental Petroleum to $92.00 and set a “neutral” rating for the company in a research report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $84.06.
About Occidental Petroleum
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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