Occidental Petroleum Corporation (OXY) Receives ‘Analyst’ Rating

Occidental Petroleum Corporation (OXY) : Zacks Investment Research ranks Occidental Petroleum Corporation (OXY) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.59, which indicates as a Hold.

Occidental Petroleum Corporation (OXY) : The most positive equity analysts on Occidental Petroleum Corporation (OXY) expects the shares to touch $91, whereas, the least positive believes that the stock will trade at $64 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $78.79 with an expected fluctuation of $7.99 from the mean.


Also, Major Brokerage house, Deutsche Bank downgrades its ratings on Occidental Petroleum Corporation (NYSE:OXY). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 5, 2016.

Occidental Petroleum Corporation (NYSE:OXY): After opening at $71.87, the stock dipped to an intraday low of $71.83 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $72.77 and the buying power remained strong till the end. The stock closed at $72.27 for the day, a gain of 0.65% for the day session. The total traded volume was 5,345,299. The stocks close on the previous trading day was $71.8.

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.

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