Occidental Petroleum (NYSE:OXY) Earning Somewhat Positive Media Coverage, Study Finds

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Headlines about Occidental Petroleum (NYSE:OXY) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Occidental Petroleum earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.5569713969713 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of brokerages recently weighed in on OXY. BMO Capital Markets reissued a “hold” rating and set a $75.00 price objective on shares of Occidental Petroleum in a report on Tuesday, February 27th. UBS assumed coverage on Occidental Petroleum in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price target on the stock. Zacks Investment Research cut Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Cowen set a $85.00 price target on Occidental Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their price target on Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Occidental Petroleum has a consensus rating of “Hold” and an average target price of $72.29.

NYSE OXY opened at $67.77 on Friday. The stock has a market capitalization of $50,974.21, a PE ratio of 76.15, a price-to-earnings-growth ratio of 3.88 and a beta of 0.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 0.95. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $78.09.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the company posted ($0.13) earnings per share. equities research analysts predict that Occidental Petroleum will post 2.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s payout ratio is 346.07%.

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About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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