Occidental Petroleum (OXY) Stock Falls as Market Rises: Key Facts

The latest trading session ended with Occidental Petroleum (OXY) at $51.19, representing a shift of -0.7% from the previous trading day’s closing price. The stock underperformed the S&P 500, which posted a daily gain of 0.16%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.06%.

Prior to today’s trading, shares of the oil and gas exploration and production company had gained 5.61% over the past month. This outpaced the Oil-Energy sector’s loss of 11.11% and the S&P 500’s loss of 2.7% in that period.

Occidental Petroleum’s upcoming earnings release will be of great interest to investors. The company’s earnings report is expected on February 18, 2025. The company’s upcoming earnings per share are expected to be $0.64, down 13.51% from the prior-year quarter. Meanwhile, our current consensus estimate is calling for revenue of $7.13 billion, down 5.36% from the corresponding quarter last year.

Additionally, investors would benefit from keeping an eye on any recent changes to analyst forecasts for Occidental Petroleum. Such recent changes usually signify the changing landscape of short-term business trends. As a result, optimistic estimate changes suggest analysts have a positive outlook on the company’s business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes these estimated changes into account and provides a workable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, outside-audited track record of success, with #1 stocks generating an average annual return of + 25% achieved. The Zacks Consensus EPS estimate has fallen 4.25% over the past month. Occidental Petroleum currently sports a Zacks Rank of #3 (Hold).

Looking at valuation, Occidental Petroleum currently has a Forward P/E ratio of 15.84. This represents a premium compared to its industry’s average Forward P/E of 14.28.

The oil and gas industry – integrated – United States is part of the oil-energy sector. This industry currently has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.

The Zacks Industry Rank evaluates the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks included in the groups. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

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