Occidental Petroleum Corporation (NYSE:OXY) shares traded higher over the last trading session, gaining 4.13% on 02/22/21. The shares fell to a low of $25.82 before closing at $26.47. Intraday shares traded counted 22.43 million, which was 8.07% higher than its 30-day average trading volume of 24.40M. OXY’s previous close was $25.42 while the outstanding shares total 929.30M. The firm has a beta of 2.50. The stock’s Relative Strength Index (RSI) is 65.52, with weekly volatility at 5.03% and ATR at 1.48. The OXY stock’s 52-week price range has touched low of $8.52 and a $43.60 high.
Investors have identified the Oil & Gas E&P company Occidental Petroleum Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $24.51 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Occidental Petroleum Corporation (OXY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OXY, the company has in raw cash 1.95 billion on their books with 2.56 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 10.69 billion total, with 10.5 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -1.26 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OXY sounds very interesting.
Is the stock of OXY attractive?
In related news, Director, KLESSE WILLIAM R bought 10,000 shares of the company’s stock in a transaction that recorded on Aug 25. The purchase was performed at an average price of 13.43, for a total value of 134,300. As the purchase deal closes, the Former Senior Vice President, Brown Oscar K now sold 11,839 shares of the company’s stock, valued at 283,781. Also, Former Senior Vice President, Brown Oscar K sold 52,066 shares of the company’s stock in a deal that was recorded on Jun 05. The shares were cost at an average price of 19.42 per share, with a total market value of 1,011,122. Following this completion of disposal, the Former Senior Vice President, Brown Oscar K now holds 30,000 shares of the company’s stock, valued at 445,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.23%.
5 out of 27 analysts covering the stock have rated it a Buy, while 17 have maintained a Hold recommendation on Occidental Petroleum Corporation. 4 analysts has assigned a Sell rating on the OXY stock. The 12-month mean consensus price target for the company’s shares has been set at $21.26.