Occidental Petroleum (OXY) closed the most recent trading day at $46.31, moving +2.71% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.97%. At the same time, the Dow added 2.47%, and the tech-heavy Nasdaq gained 2.18%.
The oil and gas exploration and production company's stock has climbed by 4.3% in the past month, falling short of the Oils-Energy sector's gain of 9.19% and outpacing the S&P 500's loss of 1.49%.
Market participants will be closely following the financial results of Occidental Petroleum in its upcoming release. The company plans to announce its earnings on February 18, 2026. It is anticipated that the company will report an EPS of $0.19, marking a 76.25% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $5.88 billion, indicating a 13.96% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.11 per share and a revenue of $25.96 billion, signifying shifts of -39.02% and -3.41%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Occidental Petroleum. Recent revisions tend to reflect the latest 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 46.23% fall in the Zacks Consensus EPS estimate. Right now, Occidental Petroleum possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Occidental Petroleum is at present trading with a Forward P/E ratio of 69.49. For comparison, its industry has an average Forward P/E of 18.64, which means Occidental Petroleum is trading at a premium to the group.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 17% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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