Wells Fargo lowered the firm’s price target on Occidental Petroleum (OXY) to $46 from $47 and keeps an Equal Weight rating on the shares. The firm lowered its Q2 EPS to 12c from 18c. Wells also adjusted realizations and share count assumptions for the 8-K issued on July 14 and sell-side call.
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Read More on OXY:
- Occidental Petroleum price target raised to $48 from $47 at JPMorgan
- Cautious Outlook for Occidental Petroleum Amid Operational and Financial Challenges
- Moderately bullish activity in Occidental Petroleum with shares up 0.45%
- Occidental Petroleum price target raised to $45 from $40 at Scotiabank
- Option traders moderately bearish in Occidental Petroleum with shares down 0.82%