Occidental Petroleum Corporation (OXY) : The highest short term price target forecast on Occidental Petroleum Corporation (OXY) is $91 and the lowest target price is $60. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $78.93 with a standard deviation of $8.05.
The short interest in Occidental Petroleum Corporation (OXY) has increased from 12,713,824 on June 15,2016 to 14,328,178 on June 30,2016. The change was measured at 1,614,354 shares or 12.7%. The leftover shorts were 1.9% of the floated shares. The days to cover are 3, given the average daily volume of 4,126,161 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Occidental Petroleum Corporation (NYSE:OXY). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Strong Buy. The rating by the firm was issued on July 7, 2016.
Occidental Petroleum Corporation (NYSE:OXY): stock turned positive on Thursday. Though the stock opened at $77.55, the bulls momentum made the stock top out at $77.66 level for the day. The stock recorded a low of $76.925 and closed the trading day at $77.21, in the green by 0.49%. The total traded volume for the day was 4,158,220. The stock had closed at $76.83 in the previous days trading.
Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.