Occidental Drops 15.5% in Six Months: How to Play the Stock?

Zacks11-25 23:06

Occidental Petroleum’s OXY share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486135032?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Bb3HhzvR12atkV.H1bCxmg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f2386bab33b7b86b8371993cc9af867a","is_english":true,"pubTime":"2024-11-25 23:06","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2486135032","market":"us","top_or_hot":-1,"title":"Occidental Drops 15.5% in Six Months: How to Play the Stock?","media":"Zacks","content":"<div>\n<p>Occidental Petroleum’s OXY share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped...</p>\n\n<a href=\"https://finance.yahoo.com/news/occidental-drops-15-5-six-150600812.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Drops 15.5% in Six Months: How to Play the Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Drops 15.5% in Six Months: How to Play the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 23:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/occidental-drops-15-5-six-150600812.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum’s OXY share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped...</p>\n\n<a href=\"https://finance.yahoo.com/news/occidental-drops-15-5-six-150600812.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B2Q91V27.USD","symbol_name":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/occidental-drops-15-5-six-150600812.html","article_id":"2486135032","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Bb3HhzvR12atkV.H1bCxmg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f2386bab33b7b86b8371993cc9af867a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486135032","pubTimestamp":1732547160,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Occidental Petroleum’s OXY share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped 4.1% in the same time frame.In the same time period, its peer ConocoPhillips COP has lost 3.1%, while Cactus Inc. WHD has gained 36.2%, both outperforming Occidental’s share price performance.OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no active commodity hedges in place, so if commodity prices drop substantially, it can adversely impact Occidental’s performance.Fluctuations in demand and volatile global and local commodity prices affect Occidental’s results of operations. The company remains exposed to fluctuating market prices of commodities, and as of Dec. 31, 2023, there were no active commodity hedges in place. If the commodity prices drop substantially from their current level, it will impact Occidental’s performance.Th","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","BK4213":"石油与天然气的勘探与生产","BK4201":"综合性石油与天然气企业","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","BK4570":"地缘局势概念股","COP":"康菲石油","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","OXY":"西方石油","BK4585":"ETF&股票定投概念","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","WHD":"Cactus Inc.","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","ROE":"ASTORIA US QUALITY KINGS ETF","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4588":"碎股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","BK4179":"石油天然气设备与服务","LU0122376428.USD":"贝莱德世界能源基金A2","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC"},"translate_title":"西方石油公司六个月内下跌15.5%：该股如何玩？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WHD":1,"ROE":1,"OXY":1,"COP":1},"content_text":"Occidental Petroleum’s OXY share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped 4.1% in the same time frame.In the same time period, its peer ConocoPhillips COP has lost 3.1%, while Cactus Inc. WHD has gained 36.2%, both outperforming Occidental’s share price performance.OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no active commodity hedges in place, so if commodity prices drop substantially, it can adversely impact Occidental’s performance.\nOccidental's Price Performance (Six Months)\nImage Source: Zacks Investment Research\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nFactors Acting as Tailwind for Occidental\nOccidental's strong domestic operation and focus on Permian resources have benefited the company. It strengthened its portfolio by adding CrownRock's assets in the Midland Basin. Courtesy of the contribution from CrownRock, the company has revised its production volume upward. Occidental has raised its fourth-quarter production Permian volume by 12,000 barrels per day, 9,000 of which are coming from its CrownRock assets. OXY’s international assets are also coming out with stable production and boosting overall volumes.Occidental expects total production in the band of 1,430-1,470 Mboe/d in the fourth quarter of 2024. Permian assets remain a consistent contributor to the firm’s overall production. Production from the Permian region is expected in the range of 751-769 thousand barrels of oil equivalent per day (Mboe/d) for the fourth quarter of 2024. More than 50% of the company's total production is expected to come from prolific Permian assets.Occidental utilizes its free cash flow and proceeds from non-core asset divestiture to redeem its outstanding debts. The company has repaid nearly $4 billion in debt during the third-quarter of 2024, which is nearly 90% of its near-term debt reduction target of $4.5 billion. Ongoing debt reduction will reduce its capital servicing expenses.The company continued its stable performance in the last four quarters, resulting in an average surprise of 18.7%. Occidental's operational excellence, paired with a high-quality asset portfolio, allows it to deliver strong performance.\nImage Source: Zacks Investment Research\nFactors That Can Adversely Impact Occidental\nFluctuations in demand and volatile global and local commodity prices affect Occidental’s results of operations. The company remains exposed to fluctuating market prices of commodities, and as of Dec. 31, 2023, there were no active commodity hedges in place. If the commodity prices drop substantially from their current level, it will impact Occidental’s performance.The company’s businesses operate in a highly competitive environment, which could affect its profitability and growth. It faces competition from peers to procure new reserves and replenish production volumes.\nOccidental Returns Lower Than the Industry\nOccidental’s return on equity (ROE) is lower than the industry average in the trailing 12 months. ROE of OXY was 15.98% compared with the industry average of 18.96%.\nImage Source: Zacks Investment Research\nOccidental’s Earnings Estimates Are Going Down\nThe Zacks Consensus Estimate for Occidental’s 2024 and 2025 earnings per share has moved down 7.28% and 21.96%, respectively, in the past 60 days.\nImage Source: Zacks Investment Research\nOccidental Trading at a Premium\nOccidental shares are currently trading at a premium compared to its industry. OXY’s current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) is 5.89X compared with the industry average of 5.02X. It indicates that the company is presently marginally overvalued compared to its industry.\nImage Source: Zacks Investment Research\nSumming Up\nOccidental’s focus on the Permian region, its ongoing initiatives to lower debts, strength in global operations and accretive acquisition will boost performance.Yet, exposure to commodity price fluctuation and a very competitive oil and gas industry pose challenges for the company. Occidental’s premium valuation and lower return compared with the industry also do not make a strong case for the company.Despite the headwinds, it is advisable to keep this Zacks Rank #3 (Hold) stock in your portfolio, given its strong domestic operations and exposure to the prolific Perman Basin. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. \nWant 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\nConocoPhillips (COP) : Free Stock Analysis Report\nOccidental Petroleum Corporation (OXY) : Free Stock Analysis Report\nCactus, Inc. (WHD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486135032"}