U.S. Markets close in 5 hrs 6 mins

Occidental Petroleum (OXY) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

Occidental Petroleum (OXY) closed the most recent trading day at $46.56, moving +1.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 1.04%.

Prior to today's trading, shares of the oil and gas exploration and production company had gained 20% over the past month. This has outpaced the Oils-Energy sector's gain of 5.52% and the S&P 500's gain of 4.38% in that time.

Wall Street will be looking for positivity from OXY as it approaches its next earnings report date. The company is expected to report EPS of $0.13, down 89.34% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.31 billion, up 31.32% from the year-ago period.

Any recent changes to analyst estimates for OXY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.32% lower within the past month. OXY is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that OXY has a Forward P/E ratio of 35.04 right now. This represents a premium compared to its industry's average Forward P/E of 19.76.

Investors should also note that OXY has a PEG ratio of 7.01 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. OXY's industry had an average PEG ratio of 3.11 as of yesterday's close.

The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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 Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

  • 4 changes that could affect Social Security in 2020
    Business
    USA TODAY

    4 changes that could affect Social Security in 2020

    If you're one of almost 69 million Americans who receive Social Security or Supplemental Security Income benefits, you'll notice a small change in your monthly check this year. More than 63 million beneficiaries will receive a 1.6% cost-of-living adjustment this month. The 8 million SSI beneficiaries received their COLA on Dec. 31.

  • Is Snap Stock A Buy Right Now? Here's What Earnings, Charts Show
    Business
    Investor's Business Daily

    Is Snap Stock A Buy Right Now? Here's What Earnings, Charts Show

    Snap has recovered from a steep decline that began the day after its initial public offering in 2017. It took a long time, but a series of product upgrades added to the company's Snapchat messaging platform are driving Snap stock to new highs. Snap stock has more than tripled from its record low of 4.82 in December and moved into a buy zone on Friday.

  • Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%
    Business
    TipRanks

    Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%

    Let's start with some good news – according to Goldman Sachs' chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year's surge. Oppenheimer believes 2019's bull run was down to valuation expansion. With this in mind, we decided to have a look at two stocks Goldman Sachs thinks are poised to make headway in 2020.

  • Aurora Cannabis jumps as analysts get bullish
    Business
    Yahoo Finance Video

    Aurora Cannabis jumps as analysts get bullish

    Aurora's stockis climbing as Cowen expects the cannabis company to focus on controlling capital spending and restructuring its debt. Yahoo Finance's Emily McCormick joins Seana Smith on The Ticker to discuss.

  • U.S.
    Financial Times

    Could new regulation spell the death of trusts?

    p These days trusts are often used in wills for estate planning and are frequently combined with life assurance policies. They also feature in inheritance tax planning because they allow people to control how their assets are used after they have given them away.

  • 3 “Strong Buy” Stocks for the 5G Revolution in 2020
    Business
    TipRanks

    3 “Strong Buy” Stocks for the 5G Revolution in 2020

    Investors in Tower Semiconductor stock can expect to see "low double-digit" organic growth in 2020, says Needham analyst Rajvindra Gill. And while that may not sound like much, it's significantly faster -- potentially as much as twice as fast -- as the 6.7% growth rate that most Wall Street analysts are expecting (which could mean additional upgrades will follow as Tower delivers on its promises). Tower aims to aggressively expand capacity at its factories churning out 200mm and 300mm chips to supply growing demand for 5G smartphones, which are experiencing "stronger than expected 5G proliferation."

  • What to Do After Maxing Out Your 401(k) Plan
    Business
    Investopedia

    What to Do After Maxing Out Your 401(k) Plan

    "Through the use of policy loans, you may be able to take money out without paying taxes and put the money back in without paying taxes, as long as the life insurance policy is kept in force." The owner must pay tax on gains if the policy is canceled. Riskier Options There are some directions you can take if you still have a solid income or are expecting a windfall in the near future.

  • The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next
    Business
    MarketWatch

    The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next

    The chart, pulled from a recent Wall Street Journal story, essentially shows how much red ink is spilling in the IPO market. As you can see, the last time this “clear danger sign” popped up was on the brink of the dot-com implosion in 1999. As the Journal pointed out, 42% of these money-losers come from the health-care sector, where investors look to make a killing on smaller biotech stocks with big upside.

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    U.S.
    Reuters

    U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said. The petition cites "127 consumer complaints to NHTSA involving 123 unique vehicles.

  • Does Coeur Mining's (NYSE:CDE) Share Price Gain of 58% Match Its Business Performance?
    Business
    Simply Wall St.

    Does Coeur Mining's (NYSE:CDE) Share Price Gain of 58% Match Its Business Performance?

    For example, the Coeur Mining, Inc. (NYSE:CDE) share price is up 58% in the last year, clearly besting the market return of around 23% (not including dividends). Because Coeur Mining made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth.

  • Calculating The Intrinsic Value Of Tilray, Inc. (NASDAQ:TLRY)
    Business
    Simply Wall St.

    Calculating The Intrinsic Value Of Tilray, Inc. (NASDAQ:TLRY)

    In this article we are going to estimate the intrinsic value of Tilray, Inc. (NASDAQ:TLRY) by taking the expected future cash flows and discounting them to today's value. We generally believe that a company's value is the present value of all of the cash it will generate in the future. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

  • Fourth person pleads guilty in $1 billion solar energy scam
    U.S.
    MarketWatch

    Fourth person pleads guilty in $1 billion solar energy scam

    An executive of a San Francisco Bay Area solar energy company pleaded guilty Tuesday to participating in what federal prosecutors said was a massive Ponzi scheme that defrauded investors of $1 billion. Ryan Guidry, 43, of Pleasant Hill entered pleas involving the scam and money laundering. Guidry was vice president of operations for DC Solar, based in Benicia, northeast of San Francisco.

  • Jack Dorsey Asks Elon Musk How to Fix Twitter
    Business
    Bloomberg

    Jack Dorsey Asks Elon Musk How to Fix Twitter

    Musk, the SpaceX and Tesla Inc. chief executive officer, was asked Thursday by Twitter Inc. CEO Jack Dorsey how he would fix the social network, where Musk has almost 31 million followers. “Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat.

  • Retirement Planning Tips if You're in Your Mid-60s and Beyond
    Business
    Investopedia

    Retirement Planning Tips if You're in Your Mid-60s and Beyond

    Retirement planning at any age can be challenging. Still, there are certain steps to take when you're in your mid-60s and beyond to make sure you're ready for those golden years. At one time, the common age for retirement was 65, but times have changed.

  • Business
    U.S.News & World Report

    15 of the Best Dividend Stocks to Buy for 2020

    Each offers the potential for capital appreciation and yields that 10-year Treasurys can't provide. Pharmaceutical giant Bristol-Myers Squibb, fresh off a year in which it gobbled up "pharma tour de force" Celgene and gained 28%, looks like one of the best dividend stocks to buy for 2020. The best dividend stocks to buy are often ones that can both afford to pay shareholders a meaningful quarterly dividend -- preferably a sustainable and growing one -- and offer a shot at solid capital gains.

  • Facebook sued to force Zuckerberg to give up control
    News
    Yahoo Finance Video

    Facebook sued to force Zuckerberg to give up control

    Four tech firms are suing Facebook in an attempt to get CEO Mark Zuckerberg to relinquish control of the company and sell his majority stake. Yahoo Finance's Dan Howley joins Dan Roberts and Seana Smith on The First Trade to discuss.

  • These 13 Tempting Dividend Stocks Torched Investors
    Business
    Investor's Business Daily

    These 13 Tempting Dividend Stocks Torched Investors

    Investors wound up losing money despite each of these stocks yielding 3% at the start of 2019 — because the stocks themselves plummeted. The SPDR S&P 500 ETF Trust, in comparison, started 2019 yielding just 2.01% (it's down to 1.7% now). Losing money especially stung in 2019, when the S&P 500 rose nearly 29%.

  • This U.S. company will benefit as China tries to catch up in semiconductors
    Business
    MarketWatch

    This U.S. company will benefit as China tries to catch up in semiconductors

    Nobody likes the Sword of Damocles hanging over them — certainly not if you are China, the second-largest economy in the world. The lifeblood of the modern economy is semiconductors. The U.S. dominates the semiconductor industry, and therefore China is highly dependent on U.S. companies.

  • U.S.
    TheStreet.com

    Is the Stock Market Open on Martin Luther King Jr. Day?

    Martin Luther King Jr. Day was first signed into law in 1983, and first officially observed as a holiday in 1986. Generally observed on the third Monday of January (close to or on King's actual birthday, January 15), MLK Day celebrates the life and legacy of one of America's most well-known and influential activists, who fought for racial and economic justice across the country. Martin Luther King Jr. Day, falling on January 20 this year, is a federal holiday, and not every worker in the country necessarily gets a day off of work for it (45% of employers gave workers the day off in 2019).

  • Afraid of sky-high stock valuations? These ‘Dividend Aristocrats’ have yields over 3%
    Business
    MarketWatch

    Afraid of sky-high stock valuations? These ‘Dividend Aristocrats’ have yields over 3%

    Dividend Aristocrats The S&P Dividend Aristocrats (XX:SP50DIV) are companies that have raised their regular dividend payouts consistently. The group as a whole tends to be considered a growth investment, because many of the dividend yields are low and the group has outperformed the broader market over very long periods. But today we're going to focus on current income by simply listing the Aristocrats with the highest dividend yields.

  • The Federal Reserve is stuck in quantitative-easing hell
    Business
    MarketWatch

    The Federal Reserve is stuck in quantitative-easing hell

    Since September, the central bank, through the Federal Reserve Bank of New York, has been purchasing securities hand over fist to alleviate short-term pressures in the overnight money markets. It has used repurchase (“repo”) and reverse repurchase (“reverse repo”) agreements to provide liquidity and keep overnight borrowing rates from spiking. But these complex money market operations already have caused the Fed to buy a net $400 billion worth of securities, after Chairman Jerome Powell shrank the Fed's balance sheet by $700 billion.

  • AT&T's Breakout Level to Watch
    Business
    TheStreet.com

    AT&T's Breakout Level to Watch

    AT&T is gearing up for earnings at the end of the month - when the telecommunications and media company reports its numbers in a week or so, analysts are looking for earnings of about 87 cents a share. At a glance, AT&T has been a great example of an outperforming blue-chip name: Shares have posted total returns of 31.4% in the trailing 12 months, beating the rest of the S&P 500 in the process. On the surface, it might look like AT&T's momentum is stalling.

  • Business
    Barrons.com

    A GE Critic Says the Stock Price Is Wrong. But President Trump Has Hope.

    GE stock (ticker: GE) recently traded at $11.92 on Thursday, up about 0.4% for the day, while the Dow Jones Industrial Average and the S&P 500 were up 0.6%. “A key difference between our negative stance and a more positive consensus is that we view the deterioration in fundamentals at GE as reflecting structural challenges versus something more cyclical,” Tusa writes. “He'll straighten it out,” Trump added, referring to Peltz.

  • Business
    Barrons.com

    Schlumberger Stock Is Rising on Strong Earnings. The CEO Sees a Floor for Oil Prices.

    (SLB) stock rose 0.8% just after the market opened Friday after the oil-services giant beat analysts' earnings and revenue expectations for the fourth quarter, and giving a relatively positive 2020 oil market outlook. Schlumberger (ticker: SLB) posted 39 cents of earnings per share, two cents ahead of Wall Street expectations. The past few years have been difficult for Schlumberger, because its customers, oil producers, have cut back on production.

  • Nine High Dividend Stocks You Can Count On
    Business
    Investor's Business Daily

    Nine High Dividend Stocks You Can Count On

    It's easy to chase high dividend stocks — and even easier to lose money on them if they fall. There's a better way to find high dividend yields you can count on to make you money — which includes stocks like REIT Store Capital, a slew of banks like PNC Financial and pet pharmacy PetMed Express. What's an investor looking for high dividend stocks to do then?