Currently, Occidental Petroleum Corp. [OXY] is trading at $51.32, down -1.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The OXY shares have gain 0.12% over the last week, with a monthly amount drifted -2.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Truist downgraded its rating to a Hold and decreased its price target to $69 on May 16, 2024. Scotiabank upgraded its rating to a Sector Outperform but $90 remained the price target by the analyst firm on April 11, 2024. Barclays started tracking with a Equal Weight rating for this stock on April 10, 2024, and assigned it a price target of $73. In a note dated April 08, 2024, HSBC Securities initiated an Hold rating and provided a target price of $65 on this stock.
This stock has fluctuated between a low of $49.75 and a high of $71.18 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $60.85 within the next 12 months. Occidental Petroleum Corp. [NYSE: OXY] shares were valued at $51.32 at the most recent close of the market. An investor can expect a potential return of 18.57% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 50.94 points at the first support level, and at 50.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.89, and for the 2nd resistance point, it is at 52.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Occidental Petroleum Corp. [NYSE:OXY] is 1.04. On the other hand, the Quick Ratio is 0.75, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 12.65.
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.
