Occidental Petroleum Corporation (NYSE:OXY) registered a 0.58% increase, still its new closing price is 15.36% up from the company’s 1 year high of 77.06.It posted 0.52% gains in previous 5 sessions and is now the subject of 16 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 26 stock analysts following this company have an average price target at $77.08, with individual PT in the $62.00-$91.00 range. The shares moved at $68.95, implying that brokerage firms see shares gaining about 9.07% in twelve months time.
Occidental Petroleum Corporation (OXY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.20% fall year to date. A Director at Occidental Petroleum Corporation (OXY) offloaded shares in a transaction closed on Thursday January 26, 2017. CHAZEN STEPHEN I sold 4,000 shares in the company at $68.3 each and collected $273,000 in proceeds. CHAZEN STEPHEN I now owns 1,558,545 shares in the company after this transaction. A Director in the company, CHAZEN STEPHEN I, disclosed a transaction on Thursday January 19, 2017 that ended up generating $276,000 from the sale of 4,000 shares at $69.1 per share.
Occidental Petroleum Corporation (NYSE:OXY) Upcoming Results on Tap
Occidental Petroleum Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.30 in that period. Sales during the quarter are predicted to arrive at $3.08 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.73 billion in revenue and EPS of $-0.15. The mean forecast was for $2.69 billion and $-0.11 a share, respectively. One quarter earlier, revenue for the stock was at $2.56 billion, with earnings at $-0.18/share.
Occidental Petroleum Corporation (OXY) Brokerage Update
Occidental Petroleum Corporation (OXY) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by BofA/Merrill, according to news reported on Wednesday January 04, 2017.Another important research note was issued by Goldman on Friday December 16, 2016.The firm upgraded OXY to Neutral from Sell. Over the last six months and over the last three months, the shares of Occidental Petroleum Corporation (OXY), have changed -4.76% and -6.30%, respectively.