Occidental Petroleum Corporatio – Consensus Indicates Potential 23.6% Upside

Broker Ratings

Occidental Petroleum Corporatio with ticker code (OXY) have now 23 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 44 and 22 calculating the mean target price we have 33.26. With the stocks previous close at 26.9 this would imply there is a potential upside of 23.6%. The 50 day moving average now sits at 29.04 while the 200 day moving average is 26.49. The company has a market cap of $24,997m. You can visit the company’s website by visiting: http://www.oxy.com

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.

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