Market Overview

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

Share:
Related OXY
Top 4 Small-Cap Stocks In The Independent Oil & Gas Industry With The Highest EPS
The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter
These Undervalued Stocks Are Still Risky To Play (Seeking Alpha)

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.

Latest Ratings for OXY

DateFirmActionFromTo
Feb 2015CitigroupDowngradesBuyNeutral
Feb 2015Argus ResearchMaintainsBuy
Jan 2015CitigroupMaintainsBuy

View More Analyst Ratings for OXY
View the Latest Analyst Ratings

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

 

Related Articles (OXY)

Around the Web, We're Loving...