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Occidental Petroleum Corporation (OXY) [hlAlert]

Rating:
Buy OXY
down 12.01 %

Occidental Petroleum Corporation (OXY) rated Buy with price target $88 by Argus

Posted on: Wednesday,  Jun 17, 2015  8:25 AM ET by Argus

Argus rated Buy Occidental Petroleum Corporation (NYSE: OXY) on 06/17/2015. Previously Argus rated Buy Occidental Petroleum Corporation (NYSE: OXY) on 02/23/2010.,
when the stock price was $80.20. Since then, Occidental Petroleum Corporation has lost 12.02% as of 11/06/2015's recent price of $70.56.
If you would have followed the previous Argus's recommendation on OXY, you would have lost 12.01% of your investment in 2082 days.

Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental conducts its principal operations through its oil and gas and chemical subsidiaries.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/17/2015 8:25 AM Buy
None
79.31 88.00
as of 8/27/2015
1 Week up  0.12 %
1 Month down  -11.13 %
3 Months down  -7.51 %
1 YTD down  -25.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2014 9:25 AM Buy
None
102.46 116.00
2/19/2014 2:25 PM Buy
None
95.87 110.00
10/31/2011 9:25 AM Buy
None
95.24 120.00
5/9/2011 9:25 AM Buy
None
107.33 121.00
12/14/2010 9:25 AM Buy
None
94.33 105.00
2/23/2010 9:25 AM Buy
None
80.20 95.00
12/19/2008 8:25 AM Hold
None
55.37

(*) Stock Price at the time of the recommendation.
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