Occidental Petroleum (NYSE:OXY) Issues Quarterly Earnings Results

Occidental Petroleum (NYSE:OXY) released its quarterly earnings results on Sunday. The oil and gas producer reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.19), MarketWatch Earnings reports. Occidental Petroleum had a negative net margin of 76.17% and a negative return on equity of 15.55%. During the same quarter last year, the business earned ($0.30) earnings per share.

NYSE:OXY opened at $26.47 on Tuesday. The stock has a market cap of $24.65 billion, a P/E ratio of -1.54 and a beta of 2.35. Occidental Petroleum has a one year low of $8.52 and a one year high of $40.55. The company has a fifty day moving average price of $22.44 and a 200 day moving average price of $15.63. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.02 and a quick ratio of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, March 9th. Occidental Petroleum’s payout ratio is 2.76%.

OXY has been the topic of a number of research reports. MKM Partners downgraded shares of Occidental Petroleum from a “buy” rating to a “neutral” rating in a research note on Monday, December 7th. Jefferies Financial Group raised shares of Occidental Petroleum from an “underperform” rating to a “hold” rating in a report on Thursday, January 21st. Barclays raised their price target on shares of Occidental Petroleum from $18.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 14th. JPMorgan Chase & Co. lowered shares of Occidental Petroleum from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $12.50 to $13.00 in a report on Wednesday, November 11th. Finally, Wells Fargo & Company raised shares of Occidental Petroleum from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective for the company in a report on Tuesday, December 15th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.59.

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, the Middle East, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and Midstream.

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Earnings History for Occidental Petroleum (NYSE:OXY)

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