Bank of America Reiterates “Buy” Rating for Occidental Petroleum (OXY)

For the second quarter, the Company expects adjusted earnings per share to be approximately $0.35 versus the previously issued guidance on April 28, 2015 of $0.54 to $0.58, as a result of significantly lower sales.

In other Occidental Petroleum news, Director John E. Feick sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 18th.

On a technical level the stock has a 50 Day Moving Average of 42.43. The total traded volume was 2.20 million shares and market capitalization arrived at $1.73 billion.

Several other analysts have also recently commented on the stock.

Occidental Petroleum Corporation (NYSE:OXY) has lost 3.2% during the past week and dropped 5.75% in the last 4 weeks. Analysts at Jefferies Group upgraded shares of Anadarko Petroleum from a hold rating to a buy rating and raised their price target for the stock from $85.00 to $88.00 in a research note on Tuesday, July 7th. They set a buy rating and a $100.00 price target on the stock. Its market capitalization on last close reached to $1.43 billion. Analysts at Oppenheimer reiterated an “outperform” rating and set a $95.00 price target on shares of Occidental Petroleum in a research note on Wednesday, June 3rd. The firm last reported earnings per share of $-1.11 for the quarter ending on 2015-03-31. This corresponds to a decrease of $1.73 compared to the same quarter of the previous fiscal year. Analysts at Evercore ISI initiated coverage on shares of Anadarko Petroleum in a research note on Monday, June 1st.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Westlake Chemical Corporation (NYSE:WLK) has underperformed the index by 8.45% in the last 4 weeks.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th.

There are now twenty-nine analysts that cover Occidental Petroleum Corp stock. The fund value in upticks was recorded to be $0.08 million and in downticks, it was found to be $1.16 million. The stock has a 52-week high price of $8.82 and its 52-week low was recorded at $7.12, while during last trade its minimum price was $7.20 and it gained the highest price of $7.32. The ex-dividend date of this dividend is Tuesday, September 8th. (NYSE:UPL) an independent oil and gas company, connects in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing. The chemical segment (OxyChem) mainly manufactures and markets chlor-alkali products and vinyls. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.