Shares of Occidental Petroleum Corporation (NYSE:OXY) fell $-0.4 during today’s regular trading session, a -0.65% decrease from the previous closing price of $61.56. The company’s shares traded on weaker-than-usual volume today: $4.69M shares changed hands while the stock’s average volume is 5.14M shares per day. Occidental Petroleum Corporation (OXY) has declined $0.91, or -1.47%, in the last 30 days. This year-to-date, the company’s shares have decreased $10.07, or -14.14%. Over the last 12 months, OXY’s stock price has declined $14.96, or -19.65%. The company’s 52-week range is $57.20 to $78.48.

Occidental Petroleum Corporation (OXY) Earnings Surprises

Occidental Petroleum Corporation announced its recent quarter financial results after the market close on 04/05/2017, crushing consensus estimates with both its revenue and earnings. Occidental Petroleum Corporation posted net revenue of 2.98B, beating Wall Street analysts who had forecast $2.9B. The company reported EPS of $0.16, above the consensus estimate calling for EPS of $0.07 – a positive surprise of 135.99%.

Before that, quarter ending December 2016, Occidental Petroleum Corporation also surprised analysts by beating the consensus estimate. The Wall Street forecast had projected $-0.02 per share, and the company reported EPS of $-0.13 – also a -443.93% negative surprise. Revenue during the period amounted to $2.83B, while analysts were anticipating $2.71B.

In the quarter ending September 2016, Occidental Petroleum Corporation delivered an even larger earnings beat. Analysts, on average, were expecting $-0.11 per share, and the company reported EPS of $-0.15 – amounting to a negative surprise of -38.38%. Revenue during that quarter was posted at $2.73B, whereas the consensus estimate was predicting $2.69B.

The company is scheduled to announce its next quarterly financial results on 02/08/2017 after the market close. The average EPS estimate of 7 Wall Street analysts is $0.25 per share, compared to the company’s reported EPS of $-0.18 per share in the year-ago quarter. Analysts are forecasting Occidental Petroleum Corporation to report revenue of about $3.12B, versus the $2.56B posted last year.

Occidental Petroleum Corporation (OXY) Consensus Estimates and Price Target

The company’s consensus rating is currently Hold, with 3 analysts rating it a Strong Buy, and 11 analysts rating it with a Hold. The average 12-month price target, as forecast by analysts, is $73.42, 20.05% higher than the company’s closing price today.