Jefferies Financial Research analysts issued a report on Occidental Petroleum Co. (NASDAQ: OXY) stocks this Thursday 19th January, 2021. The firm increased the earnings estimate of the popular online streaming platform. Jefferies analysts currently expect Occidental Petroleum to post Q1 2021 earnings of $0.22 for the ongoing quarter.
On the report issued by the firm, the Q2 2021 earnings estimate stands at $0.38 per share. The Q3 2021 earnings are expected to be $0.34 per share and the Q4 2021 estimate currently stands at $0.33. They have also issued the rating of “Hold” on OXY Stocks.
OXY Stock Detailed Analysis
Occidental Petroleum Inc. stocks traded at $21.54 this Friday. The company’ current market capitalization stands at $20.06 billion. It has a negative PE ratio of 1.25 along with a beta of 2.35 at the moment. The 12-monthly high to low ranges from $44.04 to $8.52. The 50SMA (50 Days Simple Moving Average) stands at $19.47 and its 200SMA stands at $14.58.
The quarterly earnings report for the previous quarter was released on the 14th of November. The earnings stood at $0.84 EPS as opposed to the general consensus of $072 proposed by analysts at Thomson Reuters. The company’s return on equity stands at -15.55% along with the net margin of -76.17%. The estimated income for the firm was marked at $4.30 billion but it made $4.11 billion for the quarter. During the corresponding quarter previous year, the company posted an EPS of $0.11. Analysts demonstrate that OXY stocks’ revenue has increased by approximately 30.0% based on a yearly evaluation.
NASDAQ: OXY has recently been the subject of a lot of reports by research analysts. Some such as Truist Financial, Barclays, Bank of America, Societe General, and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at “Hold” rating with $519.16 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: OXY shares recently.