In the latest trading session, Occidental Petroleum (OXY) closed at $43.55, marking a +2.16% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.74%.
Prior to today's trading, shares of the oil and gas exploration and production company had lost 6% lagged the Oils-Energy sector's loss of 1.43% and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2025. On that day, Occidental Petroleum is projected to report earnings of $0.33 per share, which would represent a year-over-year decline of 67.96%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.46 billion, indicating a 6.14% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.28 per share and a revenue of $26.58 billion, indicating changes of -34.1% and -1.12%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Occidental Petroleum. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.08% higher within the past month. Right now, Occidental Petroleum possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Occidental Petroleum has a Forward P/E ratio of 18.73 right now. This expresses a premium compared to the average Forward P/E of 15.41 of its industry.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 193, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Occidental Petroleum Corporation (OXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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