Standpoint Research Starts Occidental Petroleum (OXY) at Buy

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December 10, 2012 2:22 PM EST
Get Alerts OXY Hot Sheet
Price: $48.91 +2.02%

Rating Summary:
    18 Buy, 23 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 2
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Standpoint Research initiates coverage on Occidental Petroleum (NYSE: OXY) with a Buy. PT $90.00.

Analyst Ronnie Moas comments, "This is a rare opportunity to get OXY when it is trading in-line with XOM on the four-year chart (for the first time). OXY has underperformed XOM by 4,000 bps since April 25, 2011 and is now undervalued relative to XOM."

For an analyst ratings summary and ratings history on Occidental Petroleum click here. For more ratings news on Occidental Petroleum click here.

Shares of Occidental Petroleum closed at $75.37 yesterday.

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