Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Occidental Petroleum Corp.’s current trading price is -6.29% away from its 52-week high, while its distance from the 52-week low is 21.02%. The stock’s price range during this period has varied between $55.12 and $71.18. The company, active in the Energy sector, saw a trading volume of around 4.99 million for the day, considerably lower average daily volume of 8.6 million observed over the last three months.
Occidental Petroleum Corp. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $71.18 on 04/12/24, while the lowest price during the same period was $55.12 on 12/12/23.
How Financial Performance Impacts Market Capitalization
Occidental Petroleum Corp. (OXY) has experienced a quarterly rise of 18.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 59.14B and boasts a workforce of 12570 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 60.73, with a change in price of +6.71. Similarly, Occidental Petroleum Corp. recorded 9,367,274 in trading volume during the last 100 days, posting a change of +11.15%.
How OXY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Occidental Petroleum Corp. over the last 50 days is at 69.52%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 47.73%. Further, the company’s Stochastic %K and %D values for the last 20 days were 40.78% and 44.09%, respectively.
OXY Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 11.72%. However, over the past six months, we’ve seen a weaker performance of 0.31%. The price of OXY fallen by 4.58% over the last 30 days. And in the last five days, it has fallen by -3.34%.
