Occidental Petroleum Corporatio which can be found using ticker (OXY) have now 25 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 93 and 55 and has a mean target at $72.08. Now with the previous closing price of $60.26 this now indicates there is a potential upside of 19.6%. Also worth taking note is the 50 day moving average now sits at $61.22 and the 200 day moving average is $64.79. The company has a market capitalization of $54,408m. You can visit the company’s website by visiting: https://www.oxy.com
The potential market cap would be $65,080m based on the market consensus.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company’s Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
The company has a dividend yield of 1.19% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.86, revenue per share of 39.55 and a 11.57% return on assets.
