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Stock Update: Occidental Petroleum Corporation (NYSE:OXY) – Market Opportunity and Discovery — Analyst Notes on Occidental Petroleum, Time Warner, Dominion Resources and Anthem

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 5, 2016 / Moments ago, Trader’s Choice released new research updates concerning several developing situations, including one of the leading uptrends in today’s market: … Read more on this. Occidental Petroleum Corporation (OXY) , currently valued at $50.01B, started trading this morning at $66.42. A quick look at the market, the company’s stock traded between $65.48 and $66.65 with a one year range of $58.24 to $83.74. Priced at -558.17x this year’s forecasted earnings, OXY shares are relatively inexpensive compared to the industry ’s 15.97x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.00 per share annually in dividends, yielding 4.58%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $-0.21 per share, which would be $0.04 better than the year-ago quarter and a $0.16 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-0.12 is a $0.24 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.78 Billion. If reported, that would be a 10.32% decrease over the year-ago quarter. More recently, Jefferies downgraded OXY from Buy to Hold (Jan 12, 2016). Previously, Iberia downgraded OXY from Outperform to Sector Perform. With the above information in mind, readers should note that the average price target is $73.04, which is 9.97% above where the stock opened this morning. See more in (NYSE:OXY) Similar Articles: Stock Update: Dominion Resources Inc (NYSE:D) – Market Opportunity and Discovery — Analyst Notes on Occidental Petroleum, Time Warner, Dominion Resources and Anthem Company Update: Occidental Petroleum Corporation (NYSE:OXY) – Occidental Petroleum Announces 4th Quarter 2015 Results Company Update: Occidental Petroleum Corporation (NYSE:OXY) – Occidental Petroleum and the Republic of Ecuador Reach Understanding on Terms of Payment of ICSID Award
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