Analysts See $0.30 EPS for Occidental Petroleum Corporation (OXY)

January 20, 2018 - By Darrin Black

 Analysts See $0.30 EPS for Occidental Petroleum Corporation (OXY)
Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.06, from 0.95 in 2017Q2. It dropped, as 59 investors sold Occidental Petroleum Corporation shares while 338 reduced holdings. 89 funds opened positions while 264 raised stakes. 602.00 million shares or 0.86% less from 607.21 million shares in 2017Q2 were reported.
Centurylink Inv holds 29,040 shares or 0.61% of its portfolio. Adell Harriman & Carpenter holds 0.27% or 19,045 shares in its portfolio. Indexiq Ltd Llc stated it has 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Pictet Asset Mngmt Limited accumulated 0.07% or 411,733 shares. Arrowstreet Capital Partnership stated it has 0% in Occidental Petroleum Corporation (NYSE:OXY). Fort Washington Investment Advisors Incorporated Oh holds 0.11% or 114,837 shares in its portfolio. Moreover, Fic Cap has 0.45% invested in Occidental Petroleum Corporation (NYSE:OXY) for 18,450 shares. South Dakota Inv Council holds 131,200 shares. 70,000 were reported by Ally Fincl. Amp Ltd has 0.09% invested in Occidental Petroleum Corporation (NYSE:OXY). Teachers Retirement Sys Of The State Of Kentucky holds 0.07% or 84,416 shares. Syntal Prtn Ltd Liability Corporation reported 12,372 shares. Suntrust Banks Inc has 715,743 shares. Hgk Asset invested 1.42% in Occidental Petroleum Corporation (NYSE:OXY). Amundi Pioneer Asset Mngmt, a Massachusetts-based fund reported 458,348 shares.

Analysts expect Occidental Petroleum Corporation (NYSE:OXY) to report $0.30 EPS on February, 8.They anticipate $0.43 EPS change or 330.77 % from last quarter’s $-0.13 EPS. OXY’s profit would be $229.57M giving it 62.96 P/E if the $0.30 EPS is correct. After having $0.18 EPS previously, Occidental Petroleum Corporation’s analysts see 66.67 % EPS growth. The stock increased 0.21% or $0.16 during the last trading session, reaching $75.55. About 3.22M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since January 20, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 2 Sell and 15 Hold. Therefore 19% are positive. Occidental Petroleum Corporation had 78 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of OXY in report on Wednesday, June 21 with “Hold” rating. The company was maintained on Sunday, August 20 by Cowen & Co. Citigroup maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, September 14 with “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Monday, August 3. The stock has “Hold” rating by Jefferies on Thursday, October 19. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Underweight” rating given on Thursday, July 14 by Barclays Capital. JP Morgan downgraded the shares of OXY in report on Monday, May 9 to “Neutral” rating. Piper Jaffray maintained Occidental Petroleum Corporation (NYSE:OXY) on Tuesday, November 21 with “Hold” rating. Mizuho downgraded it to “Neutral” rating and $70 target in Monday, February 13 report. The firm has “Neutral” rating by Goldman Sachs given on Friday, December 16.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally. The company has market cap of $57.81 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 107.32 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “Occidental Petroleum: The Turnaround Is Here” on January 12, 2018. Also Nasdaq.com published the news titled: “Why Occidental Petroleum Corporation (OXY) Could Be Positioned for a Surge” on January 18, 2018. Seekingalpha.com‘s news article titled: “Occidental Petroleum – Permian Oil Supports Forward Growth” with publication date: December 29, 2017 was also an interesting one.

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