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Last Price: 65.98 - Change: -0.84 - Change %: -1.2571
04/17/2024 16:12:00 EST

Occidental Petroleum Corporation (OXY)

Industry: Oil & Gas E&P

Price Support Resistance

In the past 20 trading days, OXY has been trading in a range between $69.26 and $63.32 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

OXY is trading below resistance at $69.26, about 5% to the upside. There is support at $63.81 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Occidental Petroleum Corporation $OXY entered a Green zone 43 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $71.25, a potential upside of 7.99% from the recent price of 65.98. Our AI powered stock target predictor currently has a target price of $23.12 a potential move of -65%. The stock is trading 7.9% (potential upside) below its 52 week high of $71.19 and 20.14 % (potential downside) above its 52 week low of $54.92 - based on the recent price.

Company Summary

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

OXY Website

News

Will GOP Retake White House? 3 Top Oil & Gas Picks to Buy for a Fossil Fuel Revival.
This year's presidential election is already eliciting strong feelings about the two presumptive nominees. However, if you have money in the market your goal isn't to pick the winner, it's to make money no matter who that winner may be.
Source: InvestorPlace
Wed, 17 Apr 2024 15:56:28 -0400
Sentiment: Positive
Is Most-Watched Stock Occidental Petroleum Corporation (OXY) Worth Betting on Now?
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Source: Zacks Investment Research
Wed, 17 Apr 2024 10:05:27 -0400
Sentiment: Positive
3 Oil & Gas Stocks to Buy Now: Q2 Edition
The global oil and gas market is valued at $7.62 trillion and is projected to reach $9.34 trillion in 2028, representing a CAGR of 5.2%. Critical components of this rapid growth include modernization, urbanization and geopolitical tensions spiking oil prices.
Source: InvestorPlace
Wed, 17 Apr 2024 06:05:00 -0400
Sentiment: Positive
Bank of America Just Predicted $95 Oil. 3 Oil Stocks to Buy Now
Exxon Mobil is an industry leader with solid production growth. Occidental and Baytex will both be able to quickly deleverage, given higher oil prices.
Source: The Motley Fool
Tue, 16 Apr 2024 06:06:00 -0400
Sentiment: Positive
3 Warren Buffett Stocks to Buy Hand Over Fist
If you're eager to know where Warren Buffett's conviction lies, you'll want to see why he's invested a stunning $160 billion in Apple. Coca-Cola, another longtime Buffett favorite, is far more than just a soda company.
Source: The Motley Fool
Tue, 16 Apr 2024 04:19:00 -0400
Sentiment: Positive
Instituions Institution %: 52.038
Last QTR Institution change: 16278699

Insiders
Insiders %: 28.265
Insiders Purchases last QTR: 17916466
Insiders Sales last QTR: 5100000
Insiders Net last QTR: 12816466

Analyst Ratings
Target Price: 71.25
Overall Rating: 3.3846
Strong Buys (5): 5
Buys (4): 2
Holds (3): 18
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 71.185
52 Week Low: 54.9215
Beta: 1.687
50 Day MA: 62.6604
200 Day MA: 61.643

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.379
Qtr Revenue Growth YOY: -0.127
Forward PE: 19.1571
Trailing PE: 17.1333

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