Stock To Watch: Occidental Petroleum Corporation (NYSE:OXY)


The leading market experts have placed a mean price target of $78.7300 on Occidental Petroleum Corporation (NYSE:OXY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.0000 a share for the upcoming quarter and $-0.6200 for the current fiscal. Technical View The technical analysis of Occidental Petroleum Corporatio plainly substantiates that the 50-day moving average of Occidental Petroleum Corporatio is $75.6479, and stock is hovering 0.7886 or +1.0425% distant from $75.6479. It is noted that the 200-day MA is $71.1610, and Occidental Petroleum Corporatio stock is $5.2755 or +7.4135% off from this point. Occidental Petroleum Corporation (NYSE:OXY) 52-week high is $78.3100 and the 52-week low is $58.2400. This explains if the stock moves $-1.8735, it will post a 52-week high. In event of $+31.2440% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Occidental Petroleum Corporatio, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Occidental Petroleum Corporation (NYSE:OXY) ratio came in at N/A. The stock last ended the trading session at $76.4365 and registered a market cap of $58.38B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Occidental Petroleum Corporation (NYSE:OXY) PEG ratio is at -0.7300.

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