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Why the Market Dipped But Occidental Petroleum (OXY) Gained Today
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In the latest trading session, Occidental Petroleum (OXY - Free Report) closed at $64.17, marking a +2.67% move from the previous day. This change outpaced the S&P 500's 0.52% loss on the day. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 0.21%.
Coming into today, shares of the oil and gas exploration and production company had gained 7.67% in the past month. In that same time, the Oils-Energy sector gained 5.63%, while the S&P 500 lost 1.21%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on November 9, 2026. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 117.19% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $6.73 billion, up 0.12% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.72 per share and revenue of $27.52 billion. These totals would mark changes of +204.07% and +8.16%, respectively, from last year.
Any recent changes to analyst estimates for Occidental Petroleum should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 8.45% rise in the Zacks Consensus EPS estimate. As of now, Occidental Petroleum holds a Zacks Rank of #2 (Buy).
In terms of valuation, Occidental Petroleum is currently trading at a Forward P/E ratio of 9.3. This expresses a discount compared to the average Forward P/E of 16.72 of its industry.
We can additionally observe that OXY currently boasts a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But Occidental Petroleum (OXY) Gained Today
In the latest trading session, Occidental Petroleum (OXY - Free Report) closed at $64.17, marking a +2.67% move from the previous day. This change outpaced the S&P 500's 0.52% loss on the day. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 0.21%.
Coming into today, shares of the oil and gas exploration and production company had gained 7.67% in the past month. In that same time, the Oils-Energy sector gained 5.63%, while the S&P 500 lost 1.21%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on November 9, 2026. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 117.19% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $6.73 billion, up 0.12% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.72 per share and revenue of $27.52 billion. These totals would mark changes of +204.07% and +8.16%, respectively, from last year.
Any recent changes to analyst estimates for Occidental Petroleum should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 8.45% rise in the Zacks Consensus EPS estimate. As of now, Occidental Petroleum holds a Zacks Rank of #2 (Buy).
In terms of valuation, Occidental Petroleum is currently trading at a Forward P/E ratio of 9.3. This expresses a discount compared to the average Forward P/E of 16.72 of its industry.
We can additionally observe that OXY currently boasts a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.