Market Overview

UPDATE: Dahlman Rose Initiates Occidental Petroleum Corporation at Buy Following Share Underperformance

Related OXY
3 Reasons To Write Covered Call Options On ConocoPhillips
Top 4 Stocks In The Independent Oil & Gas Industry With The Highest Revenue
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Dahlman Rose initiated coverage on Occidental Petroleum Corporation (NYSE: OXY) with a Buy rating and an $86 price target.

Dahlman Rose commented, "Following recent underperformance, we believe the risk/reward is attractive. As cost cutting initiatives add to the bottom line by mid-2013 along with improving output, we expect EPS to benefit in 2014, boosted further by the startup of the Al Hosn project. We see rising cash distributions."

Occidental Petroleum Corporation closed at $75.35 on Monday.

Posted-In: Dahlman RoseAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (OXY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free

Benzinga Professional