Occidental Petroleum Corp (NYSE: OXY) has reported E.P.S. of $0.60 for its first fiscal quarter (ending March 31) versus $1.08 for the same period a year ago — a decline of -44%. This performance was $-0.73 short of the consensus estimate of $1.33. E.P.S. were $3.74 for the latest four quarters through March 31 versus $9.48 for the same period a year ago — a decline of -61%.
Recent Price Action
Occidental Petroleum Corp (NYSE: OXY) stock closed at $65.07 on 5/7/24 after a slight gain of 0.08%. This advance was accompanied by normal trading volume. The stock has declined -4.6% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Occidental Petroleum has a good Appreciation Score of 74 but a slightly negative Power Rating of 38, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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