2 Stocks That Are Just Getting Started: Guess’, Inc. (GES), Occidental Petroleum Corporation (OXY)

The shares of Guess’, Inc. (NYSE:GES) has been pegged with a rating of Market Perform by Telsey Advisory Group in its latest research note that was published on April 23rd, 2019. The research company has also assigned a $19 price target. Telsey Advisory Group wasn’t the only research firm that published a report of Guess’, Inc., with other equities research analysts also giving their opinion on the stock. Jefferies advised investors in its research note published on February 7th, 2019, to Buy the GES stock while also putting a $24 price target. The stock had earned Market Perform rating from Telsey Advisory Group when it published its report on August 30th, 2018. That day the Telsey Advisory Group set price target on the stock to $28. The stock was given Market Perform rating by Telsey Advisory Group in its report released on May 31st, 2018, the day when the price target on the stock was placed at $26. Telsey Advisory Group was of a view that GES is Market Perform in its latest report on March 22nd, 2018 while giving it a price target of $18. B. Riley FBR, Inc. thinks that GES is worth Buy rating. This was contained in the firm’s report on February 26th, 2018.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $22.50. The price of the stock the last time has raised by 7.02% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.42.

The shares of the company dipped by -7.16% during the trading session on Monday, reaching a low of $14.73 while ending the day at $14.85. During the trading session, a total of 2.33 million shares were traded which represents a -17.57% decline from the average session volume which is 1.98M shares. GES had ended its last session trading at 16.00. Guess’, Inc. currently has a market cap of $1.11B, while its P/E ratio stands at 76.97, while its P/E earnings growth sits at 0.42, with a beta of 0.48. Guess’, Inc. debt-to-equity ratio currently stands at 0.59, while its quick ratio hovers at 0.70. GES 52-week low price stands at $13.88 while its 52-week high price is $26.95.

The company in its last quarterly report recorded -$0.25 earnings per share which is above the -$0.26 predicted by most analysts. The Guess’, Inc. generated $536.69 million in revenue during the last quarter, which is slightly lower than the $536.78 million predicted by analysts. In the second quarter last year, the firm recorded $0.70 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 380%. Guess’, Inc. has the potential to record 0.19 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Evercore ISI published a research note on August 12th, 2019 where it informed investors and clients that Occidental Petroleum Corporation (NYSE:OXY) is now rated as In-line. Jefferies also rated OXY as Upgrade on February 7th, 2019, with its price target of $35 suggesting that OXY could surge by 26.24% from its current share price. Even though the stock has been trading at $47.13/share, analysts expect it to surge higher by -4.43% to reach $61.06/share. It started the day trading at $46.98 and traded between $44.93 and $45.04 throughout the trading session.

A look at its technical shows that OXY’s 50-day SMA is 49.92 while its 200-day SMA stands at 60.93. The stock has a high of $83.35 for the year while the low is $44.88. The company’s P/E ratio currently sits at 8.98, while the P/B ratio is 1.58. At the moment, only of Occidental Petroleum Corporation shares were sold short. The company’s average trading volume currently stands at 10.01M shares, which means that the short-interest ratio is just 4.69 days. Over the past seven days, the company moved, with its shift of -8.86%. Looking further, the stock has dropped -16.85% over the past 90 days while it lost -30.54% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more OXY shares, increasing its portfolio by +0.16% during the last quarter. This move now sees The Vanguard Group Inc purchasing 97,890 shares in the last quarter, thus it now holds 62,385,751 shares of OXY, with a total valuation of $3,136,755,560. SSgA Funds Management Inc meanwhile sold more OXY shares in the recently filed quarter, changing its stake to $1,869,224,113 worth of shares. BlackRock Fund Advisors followed the path by decreasing its OXY portfolio by -4.10% in the quarter. This means that BlackRock Fund Advisors sold -1,572,317 shares in the last quarter and now controls 36,821,300 shares of the OXY stock, with the valuation hitting $1,851,374,964.

Similarly, Dodge Cox increased its Occidental Petroleum Corporation shares by +8.53% during the recently filed quarter. After buying 2,385,585 shares in the last quarter, the firm now controls 30,368,000 shares of Occidental Petroleum Corporation which are valued at $1,526,903,040. In the same vein, Capital Research Management Co increased its Occidental Petroleum Corporation shares by during the most recent reported quarter. The firm bought 1,867,595 shares during the quarter which increased its stakes to 27,437,315 shares and is now valued at $1,379,548,198. Following these latest developments, around 0.20% of Occidental Petroleum Corporation stocks are owned by institutional investors and hedge funds.