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• OXY 80% Rate It

Oil and natural gas producer Occidental Petroleum Corporation ( OXY ) on Friday caught some tepid commentary from analysts at Credit Suisse.

The firm maintained its "Outperform" rating but lowered its price target to $114. That new target suggests a still-massive 30% upside to the stock's Thursday closing price of $87.32.

Credit Suisse also cut its earnings estimates for the company, citing lower production growth expectations.

Occidental Petroleum shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of Occidental Petroleum ( OXY ) have a 2.47% dividend yield, based on last night's closing stock price of $87.32. The stock has technical support in the $77-$80 price area. If the shares can firm up, we see overhead resistance around the $91-$94 price levels.

Occidental Petroleum Corporation ( OXY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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