A share price of Occidental Petroleum Corp. [OXY] is currently trading at $53.25, up 3.32%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OXY shares have gain 1.62% over the last week, with a monthly amount drifted -6.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Truist downgraded its rating to Hold on May 16, 2024, and dropped its price target to $69. On April 11, 2024, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $90 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $73 on April 10, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $65 as its price target on April 08, 2024. Mizuho downgraded its rating to Neutral for this stock on January 03, 2024, but kept the price target unchanged to $63. In a note dated December 11, 2023, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $68.
Occidental Petroleum Corp. experienced fluctuations in its stock price throughout the past year between $49.75 and $71.18. Currently, Wall Street analysts expect the stock to reach $62.35 within the next 12 months. Occidental Petroleum Corp. [NYSE: OXY] shares were valued at $53.25 at the most recent close of the market. An investor can expect a potential return of 17.09% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Trailing Twelve Months sales for Occidental Petroleum Corp. [NYSE:OXY] were 27.70B which represents 4.14% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.53 points at the first support level, and at 49.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.37, and for the 2nd resistance point, it is at 55.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Occidental Petroleum Corp. [NYSE:OXY] is 1.04. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 13.13.
Transactions by insiders
Recent insider trading involved OCCIDENTAL PETROLEUM CORP /DE/, 10% Owner, that happened on Aug 14 ’24 when 19.5 million shares were sold. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/ completed a deal on Aug 14 ’24 to sell 19.5 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 1.55 million shares on Jun 13 ’24.
