Looking at top Wall Street opinions, Occidental Petroleum Corporation (NYSE: OXY) has recently made its way into the research list of JP Morgan – signaling that their analyst’s rating adjustment is noteworthy. This stock was Underweight in the eyes of JP Morgan, as reported on Tuesday, August 13th, 2019. Another heavy-hitting research note was published by Evercore ISI on Monday August 12th, 2019, with this firm downgrading OXY to an updated rating of In-line from its previous rating of Outperform. In the past six months and three months of trading, shares of Occidental Petroleum Corporation (OXY) have moved by -31.92% and -17.95%, respectively.
Brokerage Updates Related to Occidental Petroleum Corporation (OXY) Stock
This publicly-traded organization generated losses of -5.93% over the last 5 sessions. Right now, this stock is the subject of 19 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 2 have given a rating of Buy or better. Based on the 19 stock market experts following this company, the average 12-month price target is $61.06. Moreover, individual price targets range between $44.00-$80.00. With its recent move to $58.00, we can see that these firms project this stock will loss by -43.18% 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 0.20% 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 12. Similarly, Shearer Bob bought 15,000 shares of the organization’s stock at $50.22 apiece and racked up $753,258 in earnings from the purchase. Now, Shearer Bob holds 19,218 shares of the company following the exchange. A SVP & CFO of the organization named BURGHER CEDRIC W., was engaged in a transaction that occurred on Jun 13 that managed to be worth $203,401 from the purchase of 4,100 common shares at a price of $49.61 per individual share.
Occidental Petroleum Corporation (NYSE:OXY) Results in the Pipeline
The next scheduled release of financial results for Occidental Petroleum Corporation will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.77. In the same vein, they expect sales for the quarter to amount to $4,020.74 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $4,089.00 million in revenue alongside EPS at $0.84. On average, the analyst projection was calling for $4,802.00 million with $1.22 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $6,176.00 million, with earnings per share ending up at $1.77.
Office Depot, Inc. (NASDAQ:ODP) experienced a gain of 4.00% from the closing price in the previous trading day. That boost the price to $1.56 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 6,887,490 shares of stock – compared to the typical average of 5.12M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $2.13.
Pricing Indications for Office Depot, Inc. (ODP)
This organization has had a price-to-earnings ratio of 12.09 in the last year. Meanwhile, it gained 1.95 from its observable 50-day simple moving average. Right at this moment, the per-share value is -40.98% lower than the mean per-share price over the last 200 days in the market.
Office Depot, Inc. (NASDAQ:ODP) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 1 have a sell rating, 0 have a Buy rating, 1 have an outperform rating, while 1 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 2 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 3.30 , based on information from Thomson Reuters.
ODP Stock Value Potential
In trading activity as of late, this stock’s value was 2.64 up from its 200 day moving average, while also -20.36% down 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 $1.50-$2.00. The market value for the entire organization reached 887.05M. In the last trading session, the price ended the day at $1.50. The institutional holdings related to this organization account for 1.40%, and the Beta factor is now 2.37. This company’s RSI (Relative Strength Index) managed to hit 31.80.
Office Depot, Inc. (NASDAQ:ODP) Analyst Points of Focus
Office Depot, Inc. (ODP) has found itself inside of BofA/Merrill’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Underperform, compared to its previous rating of Buy by BofA/Merrill, as garnered from a news report on Thursday May 9th, 2019. An additional helpful research note was sent out by JP Morgan’s on Monday October 30th, 2017. The brokerage decided to downgrade ODP to Underweight from its previous rating of Neutral.