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 -10.71% away from its 52-week high, while its distance from the 52-week low is 15.31%. 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 2.77 million for the day, considerably lower average daily volume of 6.78 million observed over the last three months.
Occidental Petroleum Corp.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $71.18 on 04/12/24, and the lowest price during that time was $55.12, recorded on 12/12/23.
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How Financial Performance Impacts Market Capitalization
Occidental Petroleum Corp. (OXY) has experienced a quarterly decline of -3.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 56.35B 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 63.43, with a change in price of +3.23. Similarly, Occidental Petroleum Corp. recorded 7,086,613 in trading volume during the last 100 days, posting a change of +5.34%.
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 0.68. Similarly, the long-term debt-to-equity ratio is also 0.62.
OXY Stock Stochastic Average
As of today, the raw stochastic average of Occidental Petroleum Corp. over the past 50 days is 81.67%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 75.72%. Additionally, the Stochastic %K and %D values for the company were 78.90% and 74.71%, respectively, over the past 20 days.
OXY Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 6.45%. However, over the past six months, we’ve seen a weaker performance of 12.56%. The price of OXY fallen by 3.75% over the last 30 days. And in the last five days, it has surged by 3.86%.
