For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Founded in 1920, Houston, TX-based Occidental Petroleum Corporation is an integrated oil and gas company with significant exploration and production exposure. The company is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. The company conducts its operations through three segments: Oil and Gas, Chemical and Midstream and Marketing. At 2024-end, Occidental’s preliminary worldwide proved reserves totaled 4.6 billion barrels of oil equivalent (BOE) compared with 3.98 billion BOE at the end of 2023. The company achieved a reserve replacement of 112% in 2024.
OXY sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 8.8% and up 3.5% over the past one-week and four-week period, respectively, and Occidental Petroleum has lost 13.9% in the last one-year period as well. Additionally, an average of 10,665,110 shares were traded over the last 20 trading sessions.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.35 to $3.58 per share. OXY boasts an average earnings surprise of 23.6%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding OXY to their portfolios.
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Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report
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