Occidental Petroleum Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Occidental Petroleum Corporation is expected to report a decline in quarterly earnings and revenue for the third quarter compared to the previous year [1] Financial Performance - Analysts predict Occidental will report earnings of 51 cents per share, down from $1.00 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $6.7 billion, a decrease from $7.15 billion a year earlier [1] Dividend Announcement - On November 5, Occidental declared a regular quarterly dividend of 24 cents per share on common stock [2] - Following the dividend announcement, Occidental Petroleum shares rose by 2.5% to close at $41.31 [2] Analyst Ratings - Susquehanna analyst maintained a Positive rating but reduced the price target from $55 to $54 [4] - Wells Fargo initiated coverage with an Underweight rating and a price target of $42 [4] - Evercore ISI Group maintained an Underperform rating and cut the price target from $40 to $38 [4] - HSBC upgraded the stock from Hold to Buy and raised the price target from $48 to $55 [4] - Roth Capital maintained a Neutral rating and increased the price target from $45 to $46 [4]