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OXY’s Stochastic Averages Dip: Analyzing Occidental Petroleum Corp.’s Stock Performance

The market performance of Occidental Petroleum Corp. has been somewhat stable. Over the past year, the company’s stock achieved a high of $67.67 on 09/14/23, with the lowest value for the same timeframe being $55.12, recorded on 12/12/23.

52-week price history of OXY Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Occidental Petroleum Corp.’s current trading price is -6.60% away from its 52-week high, while its distance from the 52-week low is 14.66%. The stock’s price range during this period has fluctuated between $55.12 and $67.67. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 6.79 million for the day, which was evidently lower than the average daily volume of 9.12 million over the last three months.

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Financial Performance and Market Capitalization

Occidental Petroleum Corp. (OXY) has experienced a quarterly rise of 7.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 55.58B and boasts a workforce of 12570 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 59.59, with a change in price of +0.38. Similarly, Occidental Petroleum Corp. recorded 9,382,927 in trading volume during the last 100 days, posting a change of +0.60%.

OXY Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for OXY stands at 0.69. Similarly, the long-term debt-to-equity ratio is also 0.64.

OXY Stock Stochastic Average

The raw stochastic average for Occidental Petroleum Corp. over the last 50 days is presently at 97.09%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 94.63%. Further, the company’s Stochastic %K and %D values for the last 20 days were 93.63% and 92.98%, respectively.

OXY Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 5.84% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -4.46%. Over the past 30 days, the price of OXY has fallen by 5.14%. And in the last five days, it has surged by 2.73%.

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