Occidental Petroleum (OXY) Receiving Somewhat Positive Press Coverage, Report Finds

News coverage about Occidental Petroleum (NYSE:OXY) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Occidental Petroleum earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.9023140864213 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment’s analysis:

OXY has been the subject of several research reports. Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Credit Suisse Group initiated coverage on shares of Occidental Petroleum in a report on Monday, December 11th. They set a “neutral” rating and a $62.00 price target for the company. Citigroup upgraded shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a report on Monday, January 22nd. Jefferies Group raised their price target on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, Macquarie initiated coverage on shares of Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.60.

Shares of Occidental Petroleum (NYSE OXY) traded down $1.27 on Friday, reaching $68.16. 5,586,428 shares of the company traded hands, compared to its average volume of 4,380,000. The company has a market capitalization of $52,160.00, a price-to-earnings ratio of 96.00, a PEG ratio of 4.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $78.09.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same quarter last year, the firm earned ($0.13) earnings per share. research analysts expect that Occidental Petroleum will post 2.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s payout ratio is presently 433.80%.

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Occidental Petroleum Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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