Taking a Look at the Data Behind Occidental Petroleum Corp. (OXY)

Occidental Petroleum Corporation (OXY) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $85.47, down from yesterday’s close by -1.17%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Occidental Petroleum Corporation (OXY) currently trades with a market capitalization of $66.21 Billion. That value represents a market adjusting for revenues that have been growing by 27.97 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.44 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.18 on a per share basis this quarter. Perhaps, that suggests something about why 1.77% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how OXY has been acting. Looking at the stock’s movement on the chart, Occidental Petroleum Corporation recorded a 52-week high of $87.67. It is now trading 2.2% off that level. The stock is trading $78.48 its 50-day moving average by -6.99%. The stock carved out a 52-week low down at $57.84.

In recent action, Occidental Petroleum Corporation (OXY) has made a move of +1.92% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.64% with $763.31 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OXY.

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