Occidental Petroleum (OXY) closed the most recent trading day at $45.42, moving +1.32% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.13% for the day. On the other hand, the Dow registered a gain of 0.11%, and the technology-centric Nasdaq decreased by 0.72%.
Coming into today, shares of the oil and gas exploration and production company had gained 9.02% in the past month. In that same time, the Oils-Energy sector gained 10.59%, while the S&P 500 gained 0.78%.
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 February 18, 2026. The company is expected to report EPS of $0.21, down 73.75% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $5.88 billion, reflecting a 13.96% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.11 per share and revenue of $25.96 billion, indicating changes of -39.02% and 0%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Occidental Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 43.83% lower within the past month. Currently, Occidental Petroleum is carrying a Zacks Rank of #4 (Sell).
Digging into valuation, Occidental Petroleum currently has a Forward P/E ratio of 66.14. Its industry sports an average Forward P/E of 17.93, so one might conclude that Occidental Petroleum is trading at a premium comparatively.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Occidental Petroleum Corporation (OXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
