Occidental Petroleum Corp. (NYSE:OXY) price on Thursday, May 09, rose 1.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $64.39.
A look at the stock’s price movement, the level at last check in today’s session was $63.68. The PE ratio in trailing twelve months stood at 17.61. Turning to its 52-week performance, $71.18 and $55.12 were the 52-week high and 52-week low respectively. Overall, OXY moved -6.61% over the past month.
Occidental Petroleum Corp.’s market cap currently stands at around $57.08 billion. The company has a Forward Dividend ratio of 0.76, with its dividend yield at 1.18%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 7.12B for the company’s revenue for the quarter, with a low and high estimate of 5.55B and 7.93B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 30.23B, representing a 4.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OXY is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.05, with OXY’s current price about -3.26% and -0.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.37, while 7-day volatility ratio is 1.65% and 2.08% in the 30-day chart. Further, Occidental Petroleum Corp. (OXY) has a beta value of 1.63, and an average true range (ATR) of 1.31.
If we refocus on Occidental Petroleum Corp. (NYSE:OXY), historical trading data shows that trading volumes averaged 8.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 886.47 million shares.
The 0.33% of Occidental Petroleum Corp.’s shares are in the hands of company insiders while institutional holders own 79.81% of the company’s shares. Current price change has pushed the stock 7.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OXY stock continues to rise going into the next quarter.
