Occidental Petroleum Corp (NYSE:OXY) shares, rose in value on Wednesday, May 07, with the stock price down by -0.69% to the previous day’s close as strong demand from buyers drove the stock to $39.01.
Actively observing the price movement in the last trading, the stock closed the session at $39.28. The PE ratio was 15.93 over 12-month period. Referring to stock’s 52-week performance, its high was $65.45, and the low was $34.78. On the whole, OXY has fluctuated by 0.67% over the past month.
With the market capitalization of Occidental Petroleum Corp currently standing at about $36.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 2.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.36B, with a low estimate of 5.42B and a high estimate of 7.24B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.59B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.86, with the price of OXY currently trading nearly -0.76% and -10.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.13, while the 7-day volatility ratio is showing 2.89% which for the 30-day chart, stands at 4.33%. Furthermore, Occidental Petroleum Corp (OXY)’s beta value is 0.89, and its average true range (ATR) is 1.57.
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 -0.69% in last session, and over the past year, it shrunk by -39.42%%.
Data on historical trading for Occidental Petroleum Corp (NYSE:OXY) indicates that the trading volumes over the past 3 months, they’ve averaged 13.32 million. According to company’s latest data on outstanding shares, there are 938.46 million shares outstanding.
Nearly 0.43% of Occidental Petroleum Corp’s shares belong to company insiders and institutional investors own 77.92% of the company’s shares. The stock has fallen by -21.05% 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.
