Something To Watch Before Buying Occidental Petroleum Corporation (OXY)

    Shares of Occidental Petroleum Corporation (NYSE:OXY) recorded 0.00% loss during trading session on August 9th, 2019. The script traded as low as $46.80 and last traded at $47.13. 9.11 million shares changed exchanged hands during trading, an increase of 12.67% from the 30-day average session volume of 10.43M shares. The firm had previously closed at $47.13. The company has $777.45M outstanding shares, a price-to-earnings ratio of 9.39, price-to-earnings-growth ratio of 2.00and a beta of 0.81. The company has a RSI of 38.91, ATR of 1.60 and a volatility of 4.22% this week. OXY has a 52 week low price of $44.88 and a 52 week high price of $83.35.

    Investors have identified the tech company Occidental Petroleum Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 36.64B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

    Occidental Petroleum Corporation (OXY) Fundamentals that are to be considered.

    When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OXY, the company has in raw cash 1.75 billion on their books with 2.07 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 23.85 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.

    OXY were able to record 491 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 1.28 billion. In cash movements, the company had a total of 2.96 billion as operating cash flow.

    Potential earnings growth for Occidental Petroleum Corporation (OXY)

    In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Occidental Petroleum Corporation recorded a total of 4.42 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.08% coming in sequential stages and their sales for the third quarter increasing by 0.09%.

    What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.39 billion trying to sell their products during the last quarter, with the result yielding a gross income of 3.03 billion. This allows shareholders to hold on to 777.45M with the revenue now reading 850 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.76 cents a share).

    Is the stock of OXY attractive?

    Having a look at the company’s valuation, the company is expected to record 3.72 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OXY sounds very interesting.

    In related news, Director Shearer Bob bought 15,000 shares of the company’s stock in a transaction that recorded on August 5th, 2019. The purchase was performed at an average price of 50.22, for a total value of 753,258. As the purchase deal closes, the SVP & CFO Shearer Bob now bought 4,100 shares of the company’s stock, valued at 203,401. Also, Director POLADIAN AVEDICK BARUYR bought 5,000 shares of the company’s stock in a deal that was recorded on June 12th, 2019. The shares were bought at an average cost of 48.77 per share, with a total market value of 60,319. Following this completion of disposal, the Senior Vice President now holds 6,000 shares of the company’s stock, valued at 291,060. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.

    2 out of 19 analysts covering the stock have rated it a Buy, while 16 have maintained a Hold recommendation on Occidental Petroleum Corporation stock. 0 analysts has assigned a Sell rating on the OXY stock. The 12-month mean consensus price target for the company’s shares has been set at $60.94.