Press coverage about Occidental Petroleum (NYSE:OXY) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Occidental Petroleum earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 46.9150114312636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Contractor change at OxyChem facilities affects up to 548 jobs (finance.yahoo.com)
- Occidental (OXY) Down 8.3% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
- Zacks Investment Research Lowers Occidental Petroleum (OXY) to Hold (americanbankingnews.com)
- Analysts Anticipate Occidental Petroleum Co. (OXY) Will Announce Quarterly Sales of $3.62 Billion (americanbankingnews.com)
- Occidental Petroleum Is A Buy At These Levels (seekingalpha.com)
A number of brokerages have recently issued reports on OXY. Zacks Investment Research cut shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS began coverage on shares of Occidental Petroleum in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price objective for the company. ValuEngine cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. BMO Capital Markets reissued a “hold” rating and issued a $75.00 price objective on shares of Occidental Petroleum in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Occidental Petroleum from $74.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $71.56.
Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned ($0.13) earnings per share. equities research analysts anticipate 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. Shareholders of record on Friday, March 9th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.08 annualized dividend and a yield of 4.78%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 180.12%.
About Occidental Petroleum
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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