(OXY) Occidental Petroleum - Ratings and Ratios

Occidental Petroleum Corporation is a multifaceted energy company with a presence in the United States and international markets, operating through three primary segments: Oil and Gas, Chemical, and Midstream and Marketing. The companys Oil and Gas segment is focused on exploration, development, and production of oil, natural gas liquids, and natural gas, while the Chemical segment produces a range of basic chemicals used in various industrial applications. The Midstream and Marketing segment is involved in the purchasing, marketing, and transportation of oil, natural gas, and other energy products, as well as investments in related entities.

With a history dating back to 1920, Occidental Petroleum Corporation is headquartered in Houston, Texas, and is listed on the NYSE under the ticker symbol OXY. The companys diversified operations and significant presence in the energy sector make it a notable player in the industry. Further analysis reveals that OXY has been actively involved in various energy projects, including carbon capture and storage initiatives, reflecting its efforts to adapt to the evolving energy landscape.

From a technical perspective, OXYs stock price is currently at $41.44, with various support and resistance levels identified. Key resistance levels are at $45.2, $48.2, $49.5, $51.7, and $55.4, while a significant support level is at $40.7. The stocks moving averages indicate a potential downward trend, with the 20-day SMA at $41.67, the 50-day SMA at $42.05, and the 200-day SMA at $48.21. The Average True Range (ATR) is 1.18, representing a 2.85% volatility.

Combining technical and fundamental data, a forecast for OXY can be derived. Given the current price of $41.44 and the identified support and resistance levels, a potential trading range can be established. If the stock can break through the $45.2 resistance level, it may be poised for further upside. However, failure to do so could result in a continued downward trend. Fundamental data indicates a market capitalization of $40.8 billion, a P/E ratio of 16.65, and a forward P/E of 18.05, suggesting a relatively stable valuation. Return on Equity (RoE) is 9.16%, indicating a moderate level of profitability. Based on these factors, a potential price target for OXY could be in the range of $45-$50 in the near term, contingent on the stocks ability to breach key resistance levels and maintain a stable fundamental outlook.