In the latest trading session, Occidental Petroleum (OXY) closed at $44.10, marking a +2.2% move from the previous day. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
The oil and gas exploration and production company's stock has climbed by 7.88% in the past month, exceeding the Oils-Energy sector's gain of 6.65% and the S&P 500's gain of 0.6%.
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 February 18, 2026. The company's upcoming EPS is projected at $0.33, signifying a 58.75% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $5.98 billion, showing a 12.49% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.23 per share and revenue of $26.03 billion, indicating changes of -35.55% and 0%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Occidental Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 moved 23.11% lower. Occidental Petroleum currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Occidental Petroleum is presently being traded at a Forward P/E ratio of 46.51. This signifies a premium in comparison to the average Forward P/E of 18.62 for its industry.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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