Occidental Petroleum Corporatio found using ticker (OXY) have now 25 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 60 and 24 with a mean TP of 44.08. Now with the previous closing price of 39.65 this would imply there is a potential upside of 11.2%. The 50 day moving average now sits at 34.1 while the 200 day moving average is 30.05. The market cap for the company is $37,228m. Company Website: https://www.oxy.com
The potential market cap would be $41,388m based on the market concensus.
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, Africa, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and Midstream. 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; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The company’s 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.
