A share price of Occidental Petroleum Corp [OXY] is currently trading at $48.19, down -0.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OXY shares have lost -0.60% over the last week, with a monthly amount drifted -4.18%, 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 reduced its price target to $69 on May 16, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on April 11, 2024, but kept the price target unchanged to $90. In a note dated April 10, 2024, Barclays initiated an Equal Weight rating and provided a target price of $73 on this stock.
Occidental Petroleum Corp experienced fluctuations in its stock price throughout the past year between $47.20 and $71.18. Currently, Wall Street analysts expect the stock to reach $67.43 within the next 12 months. Occidental Petroleum Corp [NYSE: OXY] shares were valued at $48.19 at the most recent close of the market. An investor can expect a potential return of 39.93% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Trailing Twelve Months sales for Occidental Petroleum Corp [NYSE:OXY] were 27.51B which represents -2.54% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.
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 47.89 points at the first support level, and at 47.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.51, and for the 2nd resistance point, it is at 48.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Occidental Petroleum Corp [NYSE:OXY] is 1.00. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 1.71 and price to earnings (TTM) ratio is 12.55.
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.
