Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Occidental Petroleum (OXY) Stock Price

News stories about Occidental Petroleum (NYSE:OXY) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Occidental Petroleum earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 45.7806198593726 out of 100, meaning 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 headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently issued reports on the company. Cowen reiterated a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum in a report on Thursday, September 28th. Mizuho restated a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America upped their price target on Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group upgraded Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum presently has an average rating of “Hold” and an average target price of $65.43.

Shares of Occidental Petroleum (NYSE:OXY) traded up $0.55 during midday trading on Wednesday, reaching $73.54. The company’s stock had a trading volume of 2,214,300 shares, compared to its average volume of 4,487,081. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum has a 12 month low of $57.20 and a 12 month high of $73.90. The stock has a market cap of $56,120.00, a P/E ratio of 103.58, a price-to-earnings-growth ratio of 14.54 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. analysts anticipate that Occidental Petroleum will post 0.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.19%. Occidental Petroleum’s payout ratio is currently 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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