UBS AG Cuts Occidental Petroleum EPS Estimates (OXY)
Analysts at UBS AG (NYSE: UBS) lowered their earnings per share (EPS) estimates on shares of Occidental Petroleum (NYSE: OXY) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating and a $113.00 price target on the company’s shares.
Separately, analysts at Societe Generale downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, March 14th.
Occidental Petroleum traded down 0.56% on Friday, hitting $91.23. Occidental Petroleum has a 1-year low of $66.36 and a 1-year high of $117.89. The company has a market cap of $73.993 billion and a price-to-earnings ratio of 11.03.
The company last announced its quarterly results on Thursday, April 26th. It reported $1.92 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.97 EPS by $0.05. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Occidental Petroleum will post $2.17 EPS next quarter.
Occidental Petroleum Corporation (Occidental) conducts its operations, through various oil and gas, chemical, midstream, marketing and other subsidiaries, and affiliates.