Occidental Petroleum (OXY) Exceeds Market Returns: Some Facts to Consider

In the latest trading session, Occidental Petroleum (OXY) closed at $44.44, marking a +2.02% move from the previous day. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 0.61%. The stock of oil and gas exploration and production company has risen by 2.54% in the past month, leading the Oils-Energy sector's loss of 3.19% and undershooting the S&P 500's gain of 5.88%.The investment community will be paying close attention to the earnings performance of Occidental Petroleum in its upcoming release. The company is slated to reveal its earnings on August 6, 2025. On that day, Occidental Petroleum is projected to report earnings of $0.32 per share, which would represent a year-over-year decline of 68.93%. Our most recent consensus estimate is calling for quarterly revenue of $6.48 billion, down 5.83% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.36 per share and a revenue of $26.69 billion, signifying shifts of -31.79% and -0.69%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for Occidental Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.93% higher. At present, Occidental Petroleum boasts a Zacks Rank of #3 (Hold). With respect to valuation, Occidental Petroleum is currently being traded at a Forward P/E ratio of 18.45. For comparison, its industry has an average Forward P/E of 16.68, which means Occidental Petroleum is trading at a premium to the group. The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 20% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow OXY in the coming trading sessions, be sure to utilize Zacks.com. Should You Invest in Occidental Petroleum Corporation (OXY)?Before you invest in Occidental Petroleum Corporation (OXY), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Occidental Petroleum Corporation (OXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks