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Do Traders Think Occidental Petroleum Corp (OXY) Can Keep Climbing Monday?

Monday, February 12, 2024 10:03 AM | InvestorsObserver Analysts

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Do Traders Think Occidental Petroleum Corp (OXY) Can Keep Climbing Monday?

Occidental Petroleum Corp (OXY) stock is up 1.90% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,neutral
Occidental Petroleum Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on OXY!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With OXY Stock Today?

Occidental Petroleum Corp (OXY) stock is higher by 1.04% while the S&P 500 has fallen 0% as of 9:58 AM on Monday, Feb 12. OXY has risen $0.60 from the previous closing price of $57.46 on volume of 643,681 shares. Over the past year the S&P 500 is up 21.49% while OXY has fallen -10.35%. OXY earned $4.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.64. To screen for more stocks like Occidental Petroleum Corp click here.

More About Occidental Petroleum Corp

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2021, the company reported net proved reserves of 3.5 billion barrels of oil equivalent. Net production averaged 1,174 thousand barrels of oil equivalent per day in 2021 at a ratio of 75% oil and natural gas liquids and 25% natural gas. Click Here to get the full Stock Report for Occidental Petroleum Corp stock.

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