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Morgan Stanley Sticks to Their Hold Rating for Occidental Petroleum (OXY)

Tipranks - Tipranks - Sat Apr 18, 9:12AM CDT

Morgan Stanley analyst Devin McDermott maintained a Hold rating on Occidental Petroleum today and set a price target of $56.87.

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McDermott covers the Energy sector, focusing on stocks such as Expand Energy, APA, and Devon Energy. According to TipRanks, McDermott has an average return of 11.2% and a 59.27% success rate on recommended stocks.

In addition to Morgan Stanley, Occidental Petroleum also received a Hold from Barclays’s Betty Jiang in a report issued today. However, on April 9, Wells Fargo maintained a Buy rating on Occidental Petroleum (NYSE: OXY).

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Based on Occidental Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.01 billion and a net profit of $102 million. In comparison, last year the company earned a revenue of $6.92 billion and had a GAAP net loss of $125 million

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