Alert: New Earnings Report (11/7/23)-Occidental Petroleum Corp (NYSE: OXY).


Occidental Petroleum Corp (NYSE: OXY) has reported earnings for its third fiscal quarter (ending September 30) of $1.30 versus $2.74 for the same period a year ago — a decline of -53%. However, this result exceeded the consensus estimate of $0.86 by $0.44. For the latest four quarters through September 30, E.P.S. were $4.96 compared to $12.91 a year ago — a decline of -62%.


Recent Price Action

Occidental Petroleum Corp (NYSE: OXY) stock closed at $60.20 on 11/7/23 after a large decline of -2.5%. The stock has declined -2.4% during the last week but has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, OXY is expected to continue to be an important Value Builder.

Occidental Petroleum has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Occidental Petroleum has a good Power Rating of 73 and a very high Appreciation Score of 89, with the Highest Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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