Occidental Petroleum Corp (NYSE: OXY) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Important negative changes in fundamentals have recently occurred for Occidental Petroleum Corp (NYSE: OXY): significant quarterly sales deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
OXY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Occidental Petroleum has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Occidental Petroleum has a neutral Power Rating of 51 but a good Appreciation Score of 80, triggering the Positive Value Trend Rating.
Recent Price Action
Occidental Petroleum Corp (NYSE: OXY) stock declined slightly by -0.6% on 7/29/24. The stock closed at $60.18. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -4.7% during the last week.
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