Occidental Petroleum (OXY) closed at $40.08 in the latest trading session, marking a -2.05% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.17%. Elsewhere, the Dow lost 0.53%, while the tech-heavy Nasdaq lost 2.04%.
Shares of the oil and gas exploration and production company have depreciated by 9.87% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.54%, and the S&P 500's gain of 2.12%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on November 10, 2025. It is anticipated that the company will report an EPS of $0.48, marking a 52% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.72 billion, down 6.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.19 per share and revenue of $26.64 billion, which would represent changes of -36.71% and -0.89%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Occidental Petroleum. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.23% decrease. Occidental Petroleum is currently a Zacks Rank #4 (Sell).
Digging into valuation, Occidental Petroleum currently has a Forward P/E ratio of 18.68. This expresses a premium compared to the average Forward P/E of 17.5 of its industry.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 27% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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