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OXY
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$60.30
Change
+$1.40 (+2.38%)
Capitalization
56.64B

OXY Price Prediction, Occidental Petroleum Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

OXY in downward trend: 10-day moving average crossed below 50-day moving average on June 21, 2022

The 10-day moving average for OXY crossed bearishly below the 50-day moving average on June 21, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for OXY turned negative on June 09, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

OXY moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OXY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OXY entered a downward trend on July 01, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OXY's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where OXY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on OXY as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OXY advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

OXY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OXY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OXY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.740) is normal, around the industry mean (6.764). P/E Ratio (9.141) is within average values for comparable stocks, (19.168). Projected Growth (PEG Ratio) (1.243) is also within normal values, averaging (2.540). Dividend Yield (0.005) settles around the average of (0.098) among similar stocks. P/S Ratio (1.999) is also within normal values, averaging (160.990).

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published price charts
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published Earnings

OXY is expected to report earnings to rise 37.74% to $2.92 per share on August 03

Occidental Petroleum Corp OXY Stock Earnings Reports
Q2'22
Est.
$2.92
Q1'22
Beat
by $0.15
Q4'21
Beat
by $0.38
Q3'21
Beat
by $0.21
Q2'21
Beat
by $0.31
The last earnings report on May 10 showed earnings per share of $2.12, beating the estimate of $1.97. With 28.04M shares outstanding, the current market capitalization sits at 56.64B.
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published Dividends

OXY is expected to pay dividends on July 15, 2022

Occidental Petroleum Corp OXY Stock Dividends
A dividend of $0.13 per share will be paid with a record date of July 15, 2022, and an ex-dividend date of June 09, 2022. The last dividend of $0.13 was paid on April 15. Read more...
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published Highlights

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Occidental Petroleum Corp (NYSE:OXY), Pioneer Natural Resource Co (NYSE:PXD), Devon Energy Corp (NYSE:DVN), Hess Corp (NYSE:HES), Continental Resources (NYSE:CLR), Diamondback Energy (NASDAQ:FANG), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.25B. The market cap for tickers in the group ranges from 91 to 117.68B. COP holds the highest valuation in this group at 117.68B. The lowest valued company is TRSI at 91.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was 30%. PLFF experienced the highest price growth at 204%, while CSTPF experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was -63%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was 85%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 66
Price Growth Rating: 55
SMR Rating: 66
Profit Risk Rating: 76
Seasonality Score: -12 (-100 ... +100)
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published General Information

General Information

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
5 Greenway Plaza
Phone
+1 713 215-7000
Employees
11678
Web
https://www.oxy.com

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OXY and

Correlation & Price change

A.I.dvisor indicates that over the last year, OXY has been closely correlated with MRO. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if OXY jumps, then MRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OXY
1D Price
Change %
OXY100%
+2.65%
MRO - OXY
83%
Closely correlated
+0.31%
CLR - OXY
80%
Closely correlated
+0.47%
MUR - OXY
80%
Closely correlated
+0.66%
EOG - OXY
80%
Closely correlated
+1.07%
APA - OXY
80%
Closely correlated
+1.29%
More