For its second fiscal quarter (ending June 30), Occidental Petroleum Corp (NYSE: OXY) has reported a 62% increase in E.P.S. from $0.68 a year ago to $1.10 in the current quarter. This performance was $0.33 better than the consensus estimate of $0.77. E.P.S. were $4.17 for the latest four quarters through June 30 versus $6.40 for the same period a year ago — a decline of -35%.
Recent Price Action
Occidental Petroleum Corp (NYSE: OXY) stock declined slightly by -0.04% on 8/7/24. The stock closed at $56.11. Moreover, trading volume in this decline was above average at 129% of normal. The stock has performed in line with the market over the last nine months and has declined -6.9% during the last week.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Occidental Petroleum has a neutral Power Rating of 52 but a good Appreciation Score of 79, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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