Last Updated: 13 Sep 2024
Executive Summary
Occidental Petroleum Corporation (OXY) is a leading energy company with a strong presence in hydrocarbon exploration and petrochemical manufacturing. The company has a market capitalization of $47.08 billion and trades on the NYSE. OXY has a trailing PE ratio of 13.33 and a forward PE ratio of 11.09, indicating that it is currently undervalued compared to the industry average. The company's strong fundamentals, positive analyst recommendations, and attractive valuation make it a compelling investment opportunity.
Company Overview
Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. The company has a long history of operations and is a major player in the global energy industry.
Fundamental Analysis
Occidental Petroleum Corporation has strong fundamentals. The company has a healthy balance sheet with low debt levels and ample liquidity. OXY's revenue and earnings have been growing steadily in recent years, and the company is expected to continue to grow in the future. The company's profit margin of 17.1% and operating margin of 23.4% are both above the industry average. OXY also has a strong return on assets of 4.54% and a return on equity of 14.4%.
Technical Analysis
The technical analysis of Occidental Petroleum Corporation's stock price shows that the stock is currently in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages, and the relative strength index (RSI) is above 50. This indicates that the stock is likely to continue to rise in the short term.
Short Term Outlook
The short-term outlook for Occidental Petroleum Corporation is positive. The company's strong fundamentals and positive technical analysis suggest that the stock is likely to continue to rise in the near term. The stock is currently trading at $50.99, and it is expected to reach $55.00 by the end of the year.
Long Term Outlook
The long-term outlook for Occidental Petroleum Corporation is also positive. The company's strong fundamentals and the growing demand for energy are expected to drive the stock price higher in the long term. The stock is expected to reach $70.00 by the end of 2025.
Analyst Recommendations
Analysts are bullish on Occidental Petroleum Corporation. The consensus analyst rating is "Buy," and the average analyst target price is $70.78. This indicates that analysts believe that the stock is undervalued and has the potential to generate significant returns for investors.
