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Riding the Waves: A Guide to Investing in OXY Stock

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Occidental Petroleum Corp.’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $71.18 on 04/12/24, and the lowest price during the same period was recorded at $49.75 on 09/26/24.

52-week price history of OXY Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Occidental Petroleum Corp.’s current trading price is -27.20% away from its 52-week high, while its distance from the 52-week low is 4.16%. The stock’s price range for this period has remained between $49.75 and $71.18. The Energy sector company’s shares managed to surpass a trading volume of around 8.87 million for the day, which was noticeably lower compared to the shares’ average daily volume of 11.83 million over the last three months.

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Financial Performance and Market Capitalization

Occidental Petroleum Corp. (OXY) has experienced a quarterly decline of -14.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 46.93B 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 57.39, with a change in price of -9.30. Similarly, Occidental Petroleum Corp. recorded 10,229,809 in trading volume during the last 100 days, posting a change of -15.22%.

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 0.65. Similarly, the long-term debt-to-equity ratio is also 0.59.

OXY Stock Stochastic Average

As of today, the raw stochastic average of Occidental Petroleum Corp. over the last 50 days is at 22.12%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 30.71%. Further, the company’s Stochastic %K and %D values for the last 20 days were 29.43% and 27.42%, 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. Year to date metric has recorded a loss of -13.21%.However, over the last six months, we can see a stronger performance of -22.66%. Over the last 30 days, the price of OXY has fallen by 0.35%. And in the last five days, it has fallen by -3.88%.

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