Occidental Petroleum moved 4.3% this afternoon session, trading between a high of $64.4 and a low of $62.62 per share. Yesterday the stock finished at $61.4 per share, compared to an average analyst target price of $70.71.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. The large-cap oil & gas production company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.0%. Occidental Petroleum has trailing twelve months earnings per share (EPS) of 5.92, which at today's prices amounts to a price to earnings (P/E) ratio of 10.8.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -0.94. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Occidental Petroleum's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-27 | 37,095,000 | -19,696,000 | 38 | 100.0 |
| 2022-02-24 | 26,314,000 | -18,519,000 | 19 | 211.76 |
| 2021-02-26 | 16,261,000 | -16,659,000 | -17 | -168.0 |
| 2020-02-28 | 21,750,000 | -13,458,000 | 25 | -32.43 |
| 2019-02-21 | 18,934,000 | -9,052,000 | 37 | 164.29 |
| 2018-02-23 | 13,274,000 | -5,819,000 | 14 |
Over the last 6 years, Occidental Petroleum's operating margins have averaged only 19.3%, with a high coefficient of variability of 104.5%. On the other hand, we note that the firm's margins are growing at a 18.1% compounded average yearly rate.
