NYSE:OXY - Occidental Petroleum Stock Price, Forecast & News

Occidental Petroleum's stock was trading at $11.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OXY shares have decreased by 9.5% and is now trading at $10.68. View which stocks have been mosted impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 7 sell ratings, 10 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Occidental Petroleum.

Occidental Petroleum is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Occidental Petroleum.

Occidental Petroleum Co. (NYSE:OXY) announced its quarterly earnings results on Thursday, February, 27th. The oil and gas producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by $0.21. The oil and gas producer earned $6.80 billion during the quarter, compared to analyst estimates of $6.37 billion. Occidental Petroleum had a negative net margin of 2.94% and a positive return on equity of 4.82%. Occidental Petroleum's revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. View Occidental Petroleum's earnings history.

Occidental Petroleum declared a quarterly dividend on Friday, February 14th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.79 per share on Wednesday, April 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 29.59%. The ex-dividend date is Monday, March 9th. View Occidental Petroleum's dividend history.

20 equities research analysts have issued 12-month price targets for Occidental Petroleum's stock. Their forecasts range from $7.00 to $76.00. On average, they anticipate Occidental Petroleum's stock price to reach $36.51 in the next year. This suggests a possible upside of 241.8% from the stock's current price. View analysts' price targets for Occidental Petroleum.

Media headlines about OXY stock have trended very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Occidental Petroleum earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutOccidental Petroleum.

Occidental Petroleum saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 50,887,300 shares, an increase of 110.2% from the February 27th total of 24,210,000 shares. Based on an average trading volume of 14,690,000 shares, the short-interest ratio is currently 3.5 days. Currently, 5.7% of the company's shares are sold short. View Occidental Petroleum's Current Options Chain.

Some companies that are related to Occidental Petroleum include ENI (E), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), The Hong Kong and China Gas (HOKCY), EOG Resources (EOG), Ecopetrol (EC), Rwe Ag Sp (RWEOY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), GALP ENERGIA SG/ADR (GLPEY), Concho Resources (CXO), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG) and Diamondback Energy (FANG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Occidental Petroleum investors own include Exxon Mobil (XOM), AT&T (T), Apache (APA), Micron Technology (MU), Endologix (ELGX), Chevron (CVX), Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Intel (INTC) and AbbVie (ABBV).

Occidental Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "OXY."

Shares of OXY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OXY stock can currently be purchased for approximately $10.68.

Occidental Petroleum has a market capitalization of $9.56 billion and generates $21.23 billion in revenue each year. The oil and gas producer earns $-667,000,000.00 in net income (profit) each year or $1.45 on an earnings per share basis. Occidental Petroleum employs 14,400 workers across the globe. View additional information about Occidental Petroleum.

The official website for Occidental Petroleum is http://www.oxy.com/.

Occidental Petroleum's mailing address is 5 GREENWAY PLAZA SUITE 110, HOUSTON TX, 77046. The oil and gas producer can be reached via phone at 713-215-7000 or via email at [email protected]