Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Occidental Petroleum on Tuesday, setting a price target of $48, which is approximately 59.95% above the present share price of $30.01.
Lovaglio expects Occidental Petroleum to post earnings per share (EPS) of $0.67 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Occidental Petroleum, with an average price target of $41.47.
The analysts price targets range from a high of $55 to a low of $28.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $6.79 billion and a net profit of $1.55 billion. The company's market cap is $28.03 billion.
According to TipRanks.com, Mizuho Securities analyst Vincent Lovaglio is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 21.0% and a 60.26% success rate.
Occidental Petroleum Corp (NYSE:OXY). 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.