OXY (NYSE:OXY) Target Raised by Wells Fargo & Company to $34.00

OXY stock has undergone multiple analysts rating changes in the recent past.  Occidental Petroleum stock Target Raised by Wells Fargo & Company on 10/14/2021. In a note to investors, the firm issued a new target price of $34.00. The analysts previously had $29.00 target price. Wells Fargo & Company’s price target would indicate a potential upside of 5.33% from the stock’s previous close.

Shares of Occidental Petroleum traded down -$0.20 on Wednesday, reaching $32.06. 3956948 shares of the stock traded hands, compared to its average volume of 18864149. On Wednesday, Shares of Occidental Petroleum closed at $32.06. The firm’s 50 day moving average is $27.17 and its 200 day moving average is $26.35.Occidental Petroleum  has a 12 month low of $8.52 and a 12 month high of $34.57. While on yearly highs and lows, Occidental Petroleum today has traded high as $33.19 and has touched $31.92 on the downward trend.

Occidental Petroleum Earnings and What to expect: 

Occidental Petroleum last released its quarterly earnings data on August 2nd, 2021. The oil and gas producer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.49. The company earned $6.01 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Occidental Petroleum has generated ($3.91) earnings per share over the last year (($5.94) diluted earnings per share). Earnings for Occidental Petroleum are expected to decrease by -44.79% in the coming year, from $0.96 to $0.53 per share. Occidental Petroleum has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021. Occidental Petroleum will be holding an earnings conference call on Friday, November 5th at 1:00 PM Eastern. Interested parties can .

Earnings for Occidental Petroleum are expected to decrease by -44.79% in the coming year, from $0.96 to $0.53 per share. The P/E ratio of Occidental Petroleum is -5.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Occidental Petroleum is -5.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Occidental Petroleum has a PEG Ratio of 0.52. PEG Ratios below 1 indicate that a company could be undervalued. Occidental Petroleum has a P/B Ratio of 3.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Occidental Petroleum (NYSE:OXY) Moving Average Technical Analysis

5 day Moving Average is $$32.96 And 5 day price change is $0.28 (0.87%)  with average volume for 5 day average is 18,787,320. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $30.01 and 20 day price change is $4.40 (15.78%) and average 20 day moving volume is 20,232,045. 50 day moving average is $27.17  and 50 day price change is $5.85 ( 22.13%)  and with average volume for 50 days is : 17,337,963. 200 day moving average is $26.35  and 200 day price change is $14.88 (85.52%)  and with average volume for 200 days is : 18,395,777.

Other owners latest trading in OXY :

  • On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 15,099 which equates to market value of $1.30M and appx 0.10% owners of OXY
  • On 10/13/2021 shares held by Burns J W & Co. Inc. NY were 13,905 which equates to market value of $0.41M and appx 0.10% owners of OXY
  • On 10/13/2021 shares held by CHICAGO TRUST Co NA were 13,981 which equates to market value of $0.41M and appx 0.10% owners of OXY
  • In total Institutional ownership equates to Institutional Ownership Percentage: 68.71% for OXY

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