Barclays Releases a Sell Rating on Occidental PetroleumBy Austin Angelo
According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Range Resources Corp.
Occidental Petroleum has an analyst consensus of Hold, with a price target consensus of $66.33.
Based on Occidental Petroleum’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.79 billion and GAAP net loss of $272 million. In comparison, last year the company earned revenue of $2.14 billion and had a net profit of $78 million.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OXY in relation to earlier this year. Last month, Vicki Hollub, the Senior EVP & Pres-Oxy Oil&Gas of OXY bought 15,000 shares for a total of $940,800.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Occidental Petroleum Corp. operates as an international oil and gas exploration company. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment gathers processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide and power. It also trades around its assets, including transportation and storage capacity. The company was founded in 1920 and is headquartered in Houston, TX.