Wells Fargo lowered the firm’s price target on Occidental Petroleum to $68 from $70 and keeps an Equal Weight rating on the shares. The firm says that steady performance from L48 reflects combination of increased uptime, lower base decline rates and D&C productivity gains across both Permian and Rockies.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Occidental Petroleum Corp. Reported Earnings. Did it Beat Estimates?
- Occidental Petroleum sees FY24 total production 1,220-1,280Mboed
- Occidental Petroleum sees Q2 total production 1,232-1,272 Mboed
- OXY Earnings: Occidental Little Changed after Mixed Q1 Results
- Occidental Petroleum reports Q1 adjusted EPS 63c, consensus 60c