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MarketScreener Homepage  >  Equities  >  Nyse  >  Occidental Petroleum Corporation    OXY

OCCIDENTAL PETROLEUM CORPORATION (OXY)
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Occidental Petroleum Corpo : In an accumulation phase

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12/07/2018 | 04:42pm CET
long trade
Stop-loss triggered
Entry price : 67.66$ | Target : 71.7$ | Stop-loss : 65.4$ | Potential : 5.97%
From a horizontal accumulation phase, the timing seems good to buy shares in Occidental Petroleum Corporation and to get ahead of a break-out on the upside of the congestion area.
Investors have an opportunity to buy the stock and target the $ 71.7.
Chart OCCIDENTAL PETROLEUM CORPORATION
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Occidental Petroleum Corporation Technical Analysis Chart | MarketScreener
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Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 63.67 USD in weekly data.
  • The close medium term support offers good timing for purchasing the stock.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • This company will be of major interest to investors in search of a high dividend stock.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • For the past twelve months, EPS forecast has been revised upwards.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • The company's enterprise value to sales, at 3.19 times its current sales, is high.

David Meurisse
© Zonebourse.com 2018
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 18 241 M
EBIT 2018 5 971 M
Net income 2018 4 498 M
Debt 2018 7 544 M
Yield 2018 4,75%
P/E ratio 2018 11,53
P/E ratio 2019 11,51
EV / Sales 2018 3,11x
EV / Sales 2019 2,98x
Capitalization 49 152 M
Upcoming event on OCCIDENTAL PETROLEUM CORPO
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 88,3 $
Spread / Average Target 36%
EPS Revisions
Managers
NameTitle
Vicki A. Hollub President, Chief Executive Officer & Director
Eugene L. Batchelder Independent Chairman
Cedric W. Burgher Chief Financial Officer & Senior Vice President
John E. Feick Independent Director
E. Spencer Abraham Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
OCCIDENTAL PETROLEUM CORPORATION-9.48%49 152
CONOCOPHILLIPS17.60%74 313
CNOOC LTD14.08%72 888
EOG RESOURCES-7.26%58 037
CANADIAN NATURAL RESOURCES LTD-21.42%30 884
OIL AND NATURAL GAS CORPORATION LTD-24.71%26 207