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Occidental Petroleum (OXY)
NYSE:OXY
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OXY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$49.66 - $71.19
Previous Close$50.11
Volume10.96M
Average Volume (3M)12.14M
Market Cap
$45.38B
Enterprise Value$64.56B
Total Cash (Recent Filing)$1.84B
Total Debt (Recent Filing)$20.82B
Price to Earnings (P/E)12.4
Beta0.44
Next Earnings
Nov 12, 2024EPS Estimate
$0.75Last Dividend Ex-Date
Sep 10, 2024Dividend Yield1.67%
Share Statistics
EPS (TTM)4.05
Shares Outstanding905,615,720
10 Day Avg. Volume8,679,829
30 Day Avg. Volume12,138,234
Standard Deviation0.19
R-Squared0.20
Alpha0.00444
Financial Highlights & Ratios
Price to Book (P/B)1.91
Price to Sales (P/S)1.67
Price to Cash Flow (P/CF)4.70
P/FCF Ratio19.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.12
Enterprise Value/Gross Profit10.80
Enterprise Value/Ebitda6.04
Forecast
1Y Price Target
$64.93Price Target Upside29.57% Upside
Rating ConsensusHold
Number of Analyst Covering17
Occidental Petroleum News
Bulls Say, Bears Say
Bulls Say
Debt ReductionOXY could receive potential proceeds of ~$694MM from the WES offering, which are anticipated to be used toward OXY's debt-reduction targets.
Earnings PerformanceOXY delivered a 6%/9% beat on EBITDA compared to MSUSA/Street with volumes in-line and pricing pre-announced, showcasing solid earnings performance.
Production OutlookOXY increased its F2024 production guidance to 1,290-1,340 mboe/d, indicating a strong production outlook.
Bears Say
EarningsThe Q3'24 EPS has been reduced mostly due to lower commodity prices and specifically weaker gas realizations.
Financial PerformanceThe price target is maintained at $56, indicating limited expected upside.
ProductionAnalysts estimate slightly higher GOM downtime, taking production for the region to the low end of guidance.
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Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
OXY FAQ
What was Occidental Petroleum’s price range in the past 12 months?
Occidental Petroleum lowest stock price was $49.66 and its highest was $71.19 in the past 12 months.
What is Occidental Petroleum’s market cap?
Currently, no data Available
When is Occidental Petroleum’s upcoming earnings report date?
Occidental Petroleum’s upcoming earnings report date is Nov 12, 2024 which is in 8 days.
How were Occidental Petroleum’s earnings last quarter?
Occidental Petroleum released its earnings results on Aug 07, 2024. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.777 by $0.253.
Is Occidental Petroleum overvalued?
According to Wall Street analysts Occidental Petroleum’s price is currently Undervalued.
Does Occidental Petroleum pay dividends?
Occidental Petroleum pays a Quarterly dividend of $0.22 which represents an annual dividend yield of 1.67%. See more information on Occidental Petroleum dividends here
What is Occidental Petroleum’s EPS estimate?
Occidental Petroleum’s EPS estimate is $0.75.
How many shares outstanding does Occidental Petroleum have?
Occidental Petroleum has 905,615,700 shares outstanding.
What happened to Occidental Petroleum’s price movement after its last earnings report?
Occidental Petroleum reported an EPS of $1.03 in its last earnings report, beating expectations of $0.777. Following the earnings report the stock price went up 4.314%.
Which hedge fund is a major shareholder of Occidental Petroleum?
Among the largest hedge funds holding Occidental Petroleum’s share is Berkshire Hathaway Inc. It holds Occidental Petroleum’s shares valued at 16B.
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Occidental Petroleum Stock Smart Score
Unlock Smart Score
1
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8
9
10
Analyst Consensus
Hold
Average Price Target:
$64.93 (29.57% Upside)
$64.93 (29.57% Upside)
Blogger Sentiment
Bullish
OXY Sentiment 89%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 6.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 2.5%
Last 30 Days ▲ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.72%
12-Months-Change
Fundamentals
Return on Equity
14.44%
Trailing 12-Months
Asset Growth
7.05%
Trailing 12-Months
Company Description
Occidental Petroleum
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
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OXY Company Deck
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OXY Earnings Call
Q2 2024
0:00 / 0:00
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OXY Stock 12 Month Forecast
Average Price Target
$64.93
▲(29.57% Upside)
Technical Analysis
Best Analysts Covering OXY
1 Year
1 Year Success Rate
12/19 ratings generated profit
1 Year Average Return
+25.59%
reiterated a buy rating 10 months ago
Copying John Freeman's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +25.59% per trade.
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