Analyst Recommendation about two Stocks: Laredo Petroleum, Inc. (NYSE:LPI), Occidental Petroleum Corporation (NYSE:OXY)

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Laredo Petroleum, Inc. (NYSE:LPI) went lower by -4.04% to close at $ 10.70. The company exchanged total volume of 15.91 million shares throughout course of last trade however it holds an average trading capacity of 4.33 million shares. Shares of company began trading at $10.82 climbed to high of $10.97 touched the low of $10.60.

The company is trading below its 50-day moving averages of 11.35 and up from 200-day moving averages of 9.06. its price to sale ratio was 4.20.

Laredo Petroleum, Inc.’s (LPI) has price-to-cash ratio of 191.75 and price to sale ratio of 4.12. The company gross profit margin is 44.70%. A look on the firm performance, its monthly performance is -7.52% and a quarterly performance of 5.00%. The stock price is moving down from its 20 days moving average with -2.00% and isolated negatively from 50 days moving average with -6.18%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. Currently shares have been suggested as “BUY” from “11” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. 1” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.63” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Occidental Petroleum Corporation (NYSE:OXY) surged +0.49% and closed the trade at $ 77.21. The company recorded a trading capacity of 4.16 million shares above its three months average daily volume of 3.96 million shares. During the last trade, shares reached to high price of $77.66 and touched the low price of $76.93. The stock’s 50-day moving average is noted at $75.70 and its 200-day moving average is stands at $71.25.

Additionally, the company and has EPS of -9.86. The company has market capitalization of $58.97B.

Occidental Petroleum Corporation (OXY) announced that its Board of Directors has authorized an increase of the company’s dividend to an annual rate of $3.04 per share, from the previous annual rate of $3.00 per share.

Occidental Petroleum Corporation (OXY) reported that Jack B. Moore, former Chairman of Cameron International Corporation, has been elected to its Board of Directors.

Mr. Moore, 62, served as Chairman of the Board for Cameron International Corporation from 2011 until it was purchased by Schlumberger in April 2016. He joined Cameron in 1999 and served as CEO from 2008 to 2015 and as President from 2008 to 2014. Previousto joining Cameron, he held various management positions at Baker Hughes Incorporated, where he was employed for 23 years.


President and Chief Executive Officer Vicki A. Hollub said, “Occidental has now increased its dividend every year for 14 consecutive years, and a total of 15 times during that period. The total increase in the annual dividend rate from 2002 exceeds 500 percent. The dividend increase reflects our commitment to growing Occidental’s dividend annually for our shareholders, and our confidence in the company’s financial strength and future performance.”

The average true range of Occidental Petroleum Corporation’s (OXY) is recorded at 1.21 and the relative strength index of the stock stands 58.18. The stock price is going above to its 52 week low with 35.32% and lagging behind from its 52 week high with -1.40%. Analyst recommendation for this stock stands at 2.40. A look on the firm performance, its monthly performance is 2.78% and a quarterly performance of 4.91%. The stock price is trading upbeat from its 200 days moving average with 9.92% and up from 50 days moving average with 2.55%.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “8” brokerage firms and “1” brokerage firms say as “Strong Buy”. “1” brokerage firms have suggested “Sell” for the company. “0” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “2.17” brokerage firms.  The Company has average brokerage recommendation (ABR) of “0” based on consensus of the ZACKS brokerage firms.



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