Occidental Petroleum Corp (NYSE: OXY). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
Notable negative changes in Occidental Petroleum Corp (NYSE: OXY) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OXY is expected to continue to be an important Value Builder.
Occidental Petroleum has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Occidental Petroleum has a slightly positive Power Rating of 63 and a very high Appreciation Score of 91, and the Highest Value Trend Rating results.
Recent Price Action
Occidental Petroleum Corp (NYSE: OXY) stock declined by -2.5% on 1/4/24. The shares closed at $59.12. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.8% during the last week.
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