Occidental Petroleum Corporation (OXY) : During the past 4 weeks, traders have been relatively bearish on Occidental Petroleum Corporation (OXY), hence the stock is down -5.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.17% relative to the S&P 500. The 4-week change in the price of the stock is -7.2% and the stock has fallen -6.67% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.49% and the 50-Day Moving Average is 5.37%.The 200 Day SMA reached 0.56% Occidental Petroleum Corporation has dropped 4.3% during the last 3-month period . Year-to-Date the stock performance stands at 8.29%.
Occidental Petroleum Corporation (OXY) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $91 and the lowest price target forecast is $64. The average forecast of all the analysts is $78.73 and the expected standard deviation is $7.7.
Company shares have received an average consensus rating of Hold for the current week Occidental Petroleum Corporation (NYSE:OXY): stock was range-bound between the intraday low of $70.93 and the intraday high of $71.8 after having opened at $71.6 on Fridays session. The stock finally closed in the red at $71.6, a loss of -1.72%. The stock remained in the red for the whole trading day. The total traded volume was 5,411,328 shares. The stock failed to cross $71.8 in Fridays trading. The stocks closing price on Thursday was $72.27.
Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.