Looking at top Wall Street opinions, Occidental Petroleum Corporation (NYSE: OXY) has recently made its way into the research list of Citigroup – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Neutral in the eyes of Citigroup, whereas its previous rating was Buy in the eyes of Citigroup, as reported on Tuesday, February 19th, 2019. Another heavy-hitting research note was published by Barclays on Friday February 15th, 2019, with this firm downgrading OXY to an updated rating of Underweight from its previous rating of Overweight. In the past six months and three months of trading, shares of Occidental Petroleum Corporation (OXY) have moved by -17.27% and -2.82%, respectively.
Brokerage Updates Related to Occidental Petroleum Corporation (OXY) Stock
This publicly-traded organization generated losses of -5.37% over the last 5 sessions. Right now, this stock is the subject of 24 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Not a Single analyst have given underperform rating or sell rating, and 7 have given a rating of Buy or better. Based on the 24 stock market experts following this company, the average 12-month price target is $78.26. Moreover, individual price targets range between $65.00-$96.00. With its recent move to $75.00, we can see that these firms project this stock will loss by -15.00% in one year.
Updates from Occidental Petroleum Corporation (OXY) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.10% rise since the beginning of the calendar year. A Director at Occidental Petroleum Corporation (OXY) bought some of its shares in a transaction that was finalized on Aug 13.
Occidental Petroleum Corporation (NYSE:OXY) Results in the Pipeline
The next scheduled release of financial results for Occidental Petroleum Corporation will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $1.14. In the same vein, they expect sales for the quarter to amount to $4,486.76 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $4,802.00 million in revenue alongside EPS at $1.22. On average, the analyst projection was calling for $6,176.00 million with $1.77 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $4,131.00 million, with earnings per share ending up at $1.22.
Oasis Petroleum Inc. (NYSE:OAS) experienced a gain of 1.38% from the closing price in the previous trading day. That boost the price to $6.62 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 6,375,410 shares of stock – compared to the typical average of 9.76M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $8.86.
Pricing Indications for Oasis Petroleum Inc. (OAS)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 5.97 from its observable 50-day simple moving average. Right at this moment, the per-share value is -27.70% lower than the mean per-share price over the last 200 days in the market.
Oasis Petroleum Inc. (NYSE:OAS) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 6 have a Buy rating, 7 have an outperform rating, while 16 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.30, based on information from Thomson Reuters.
OAS Stock Value Potential
In trading activity as of late, this stock’s value was 9.12 up from its 200 day moving average, while also 11.04% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $6.00-$16.00. The market value for the entire organization reached 2.05B. In the last trading session, the price ended the day at $6.53. The institutional holdings related to this organization account for 1.50%, and the Beta factor is now 2.13. This company’s RSI (Relative Strength Index) managed to hit 60.78.
Oasis Petroleum Inc. (NYSE:OAS) Analyst Points of Focus
Oasis Petroleum Inc. (OAS) has found itself inside of CapitalOne’s research list, so their analyst rating adjustment is worth taking note of. This stock was upgraded to Equal Weight, compared to its previous rating of Underweight by CapitalOne, as garnered from a news report on Wednesday March 20th, 2019. An additional helpful research note was sent out by Citigroup’s on Wednesday January 23rd, 2019. The brokerage decided to downgrade OAS to Neutral from its previous rating of Buy.