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Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know
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In the latest trading session, Occidental Petroleum (OXY - Free Report) closed at $54.48, marking a +1.28% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Shares of the oil and gas exploration and production company witnessed a loss of 11.4% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.27%, and the S&P 500's gain of 6.42%.
Analysts and investors alike will be keeping a close eye on the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to go public on May 5, 2026. The company is forecasted to report an EPS of $0.63, showcasing a 27.59% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.56 billion, showing a 18.82% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.44 per share and a revenue of $24.52 billion, demonstrating changes of +55.66% and -3.63%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Occidental Petroleum. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 123.65% higher. At present, Occidental Petroleum boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Occidental Petroleum currently has a Forward P/E ratio of 15.63. This indicates a discount in contrast to its industry's Forward P/E of 17.19.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know
In the latest trading session, Occidental Petroleum (OXY - Free Report) closed at $54.48, marking a +1.28% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Shares of the oil and gas exploration and production company witnessed a loss of 11.4% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.27%, and the S&P 500's gain of 6.42%.
Analysts and investors alike will be keeping a close eye on the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to go public on May 5, 2026. The company is forecasted to report an EPS of $0.63, showcasing a 27.59% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.56 billion, showing a 18.82% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.44 per share and a revenue of $24.52 billion, demonstrating changes of +55.66% and -3.63%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Occidental Petroleum. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 123.65% higher. At present, Occidental Petroleum boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Occidental Petroleum currently has a Forward P/E ratio of 15.63. This indicates a discount in contrast to its industry's Forward P/E of 17.19.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.