Skip to main content

Company Update: Occidental Petroleum Corporation (NYSE:OXY) – Occidental Petroleum and the Republic of Ecuador Reach Understanding on Terms of Payment of ICSID Award

[Business Wire] – Occidental Petroleum Corporation announced today that it has reached an understanding on the terms of payment for the amount payable to Occidental by the Republic of Ecuador under a November 2015 International Centre for Settlement of Investment Disputes arbitration award. Read more on this. Occidental Petroleum Corporation (OXY) , currently valued at $46.79B, started trading this morning at $63.47. Today, shares have traded between $61.27 and $63.65 per share with a one year range of $58.82 to $83.74. Priced at 299.00x this year’s forecasted earnings, OXY shares are relatively expensive compared to the industry’s 13.54x forward p/e ratio. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 4.69%. According to a consensus of 25 analysts, the earnings estimate of $-0.07 per share would be $0.72 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.21 would be a $4.62 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.08 Billion. If realized, that would be a 28.54% decrease over the year-ago quarter. More recently, Jefferies downgraded OXY from Buy to Hold (Jan 12, 2016). Previously, Iberia downgraded OXY from Outperform to Sector Perform. The average price target for OXY shares by the analysts covering it is $77.15, which is 21.55% above where the stock opened. See more in (NYSE:OXY) Similar Articles: Market Update: Occidental Petroleum Corporation (NYSE:OXY) – Ecuador, Occidental close to payment deal for arbitration award -Correa Stock Update: Occidental Petroleum Corporation (NYSE:OXY) – Arbitration panel orders Ecuador to pay $1 bln to Occidental -Correa Company Update: Occidental Petroleum Corporation (NYSE:OXY) – Occidental Petroleum Announces 3rd Quarter 2015 Results
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.