Occidental Petroleum (OXY) Gets a Buy Rating from Raymond James

In a report released yesterday, John Freeman from Raymond James maintained a Buy rating on Occidental Petroleum (OXY). The company’s shares closed last Monday at $26.63.

According to TipRanks.com, Freeman is a 4-star analyst with an average return of 8.0% and a 47.6% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Black Stone Minerals.

Currently, the analyst consensus on Occidental Petroleum is a Hold with an average price target of $29.23.

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The company has a one-year high of $32.52 and a one-year low of $8.52. Currently, Occidental Petroleum has an average volume of 17.98M.

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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. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

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