Occidental Petroleum Corp (NYSE:OXY) shares, rose in value on Friday, January 03, with the stock price up by 0.20% to the previous day’s close as strong demand from buyers drove the stock to $49.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $49.81, falling within a range of $49.655 and $50.062. The value of beta (5-year monthly) is 1.608 whereas the PE ratio is 13.00 over 12-month period. Referring to stock’s 52-week performance, its high was $71.18, and the low was $45.17. On the whole, OXY has fluctuated by -0.97% over the past month.
With the market capitalization of Occidental Petroleum Corp currently standing at about $46.83 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 1.76%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.15B, with a low estimate of 6.06B and a high estimate of 7.57B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.03B.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 N/A, with the price of OXY currently trading nearly 4.08% and 0.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.14, while the 7-day volatility ratio is showing 2.23% which for the 30-day chart, stands at 2.42%. Furthermore, Occidental Petroleum Corp (OXY)’s beta value is 1.59, and its average true range (ATR) is 1.13.
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 0.20% in today’s session so far, and over the past year, it shrunk by -17.65%%.
Data on historical trading for Occidental Petroleum Corp (NYSE:OXY) indicates that the trading volumes over the past 10 days have averaged 14.22 and over the past 3 months, they’ve averaged 11.59 million. According to company’s latest data on outstanding shares, there are 938.17 million shares outstanding.
Nearly 0.29% of Occidental Petroleum Corp’s shares belong to company insiders and institutional investors own 78.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35.59 million shares as on 2024-12-13, resulting in a short ratio of 3.29. According to the data, the short interest in Occidental Petroleum Corp (OXY) stood at 699.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 32.94 million. The stock has risen by 1.01% 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.
