In a report released today, Doug Leggate from Merrill Lynch maintained a Buy rating on Occidental Petroleum (NYSE: OXY), with a price target of $105. The company’s shares opened today at $78.52.
According to TipRanks.com, Leggate is ranked 0 out of 5 stars with an average return of -3.9% and a 42.6% success rate. Leggate covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Chesapeake Energy, and Cimarex Energy.
Occidental Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $98.11.
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Occidental Petroleum’s market cap is currently $59.66B and has a P/E ratio of 26.72. The company has a Price to Book ratio of 2.85.
Based on the recent corporate insider activity of 46 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.
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. engages in the exploration and production of oil and natural gas. 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.
