Occidental Petroleum Corp. (NYSE:OXY) shares, rose in value on Thursday, April 25, with the stock price down by -0.24% to the previous day’s close as strong demand from buyers drove the stock to $67.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $67.33. The PE ratio was 17.20 over 12-month period. Referring to stock’s 52-week performance, its high was $71.18, and the low was $55.12. On the whole, OXY has fluctuated by 6.08% over the past month.
The company’s Forward Dividend Ratio is 0.76, with its dividend yield at 1.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 30.23B, with a low estimate of 6.37B and a high estimate of 6.94B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.7B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OXY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.00, with the price of OXY currently trading nearly -0.30% and 5.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.27, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 2.09%. Furthermore, Occidental Petroleum Corp. (OXY)’s beta value is 1.66, and its average true range (ATR) is 1.27.
A comparison of Occidental Petroleum Corp. (OXY) with its peers suggests the former has fared considerably weaker in the market. OXY showed an intraday change of -0.24% in today’s session so far, and over the past year, it grew by 9.52%%.
Data on historical trading for Occidental Petroleum Corp. (NYSE:OXY) indicates that the trading volumes over the past 3 months, they’ve averaged 8.52 million. According to company’s latest data on outstanding shares, there are 886.47 million shares outstanding.
Nearly 0.33% of Occidental Petroleum Corp.’s shares belong to company insiders and institutional investors own 79.80% of the company’s shares. The stock has risen by 12.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OXY stock heading into the next quarter.
