Occidental Petroleum Corporation (OXY) Receives Price Target

Occidental Petroleum Corporation (OXY) stock is expected to deviate a maximum of $7.99 from the average target price of $78.79 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $91 and the most muted being $64.

Occidental Petroleum Corporation (OXY) has an average broker rating of 2.44, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Equity Analysts at the Deutsche Bank downgrades the rating on Occidental Petroleum Corporation (NYSE:OXY). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 5, 2016.

Occidental Petroleum Corporation (NYSE:OXY): The stock opened at $76.55 on Thursday but the bulls could not build on the opening and the stock topped out at $76.85 for the day. The stock traded down to $76.01 during the day, due to lack of any buying support eventually closed down at $76.84 with a loss of -0.01% for the day. The stock had closed at $76.85 on the previous day. The total traded volume was 3,261,008 shares.

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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