Required knowledge for Occidental Petroleum (OXY) Investors

By Naomi Wentworth • Monday, January 09 12:02 • Permanent Link

It's been a great afternoon session for Occidental Petroleum investors, who saw their shares rise 1.9% to a price of $64.98 per share. At these higher prices, is the company still fairly valued? If you are thinking about investing, make sure to check the company's fundamentals before making a decision.

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 9.11 and an average price to book (P/B) ratio of 1.45. In contrast, Occidental Petroleum has a trailing 12 month P/E ratio of 5.4 and a P/B ratio of 3.1.

Occidental Petroleum has moved 96.9% over the last year compared to -16.6% for the S&P 500 — a difference of 113.5%. Occidental Petroleum has a 52 week high of $77.13 and a 52 week low of $31.37.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.