Occidental Petroleum (OXY) earnings: expect 3% revenue growth

11:25 am ET, 03 May 2019

Occidental Petroleum Corporation (OXY) is announcing earnings on May 06, after the market closes. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $3.96B, which implies 3% growth rate year-over-year.

Earnings per share are expected to come in at $0.72. If this materializes, EPS will decline -22% year-over-year.

How did the stock do last month?

Over the last month, Occidental Petroleum (OXY) returned -8.6%.

What do analysts say about the stock?

Occidental Petroleum (OXY) average analyst price target is 31.28% above its current price ($58.88).

For the latest price and information on Occidental Petroleum Corporation, please visit Finstead and ask for "OXY", "OXY analysis" or "OXY news".

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Occidental Petroleum Corporation (OXY) Stock Guide

Updated at: 9:36 am ET, 18 Sep 2020

Before we start: if you're looking for OXY stock price, you can quickly find it out by visiting Finny and typing "OXY quote". If you're looking for a quick scoop on OXY stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "OXY". You'll get all this info in one place. Or you can just type "OXY news" to get the latest stock news.

Looking to buy or sell Occidental Petroleum Corporation (OXY)? Interested in getting the full scoop on OXY, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this OXY stock guide, we'll address key questions about OXY, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are OXY earnings?
2. What is OXY dividend?
3. What is OXY dividend yield?
4. What is OXY stock forecast (i.e., prediction)?
5. OXY buy or sell? What is OXY Finny Score?
6. What are the reasons to buy OXY? Why should I buy OXY stock?
7. What are the reasons to sell OXY? Why should I sell OXY stock?
8. What are OXY key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are OXY earnings?

OXY trailing 12-month earnings per share (EPS) is -$14.45.

2. What is OXY dividend?

OXY forward dividend is $0.04.

3. What is OXY dividend yield?

OXY forward dividend yield is 0.31%.

Analyst Predictions

4. What is OXY stock forecast (i.e., prediction)?

Based on OXY analyst price targets, OXY stock forecast is $15.89 (for a year from now). That means the average analyst price target for OXY stock is $15.89. The prediction is based on 24 analyst estimates.

The low price target for OXY is $7.00, while the high price target is $30.00.

OXY analyst rating is Hold.

Analysis

5. OXY buy or sell? What is OXY Finny Score?

#{finnyScore:60}Our quantitative analysis shows 6 reasons to buy and 4 reasons to sell OXY, resulting in Finny Score of 60.

6. What are the reasons to buy OXY? Why should I buy OXY stock?

Here are the reasons to buy OXY stock:

  • Oxy has more than 11,000 potential drilling locations in the Permian Basin, supporting decades of unconventional development.
  • The firm has an iron-clad balance sheet, and its financial health is much better than the peer average.
  • The EOR segment exhibits very slow declines, and will be a reliable source of cash flows for several years--even if no capital is invested.
  • Occidental Petroleum executed a strategic initiative to divest of lower-margin, lower-return oil and gas production, with the plan to replace it with higher-margin, higher-return production from the Permian Resources business. The company is working on a plan to achieve cash flow breakeven even after funding its dividend increase and growth capital. Occidental Petroleum received nearly $1.4 billion from the sale of assets and equity investments in 2017, which primarily reflected the sale of its South Texas operations and non-strategic acreage in the Midland Basin.
  • Occidental Petroleum has been a consistent payer of dividend, thanks to its strong performance, driven by consistent growth in production and cash flow levels.
  • Occidental Petroleum’s Chemical segment contribution will continue to improve due to improving pricing and operations. It will generate an additional cash flow from its Chemical segment in 2018, thanks to the startup of the 4CPe plant in the fourth quarter of 2017 and Ethylene Cracker Startup. This segment is expected to improve margins, owing to improving product prices and operations.
  • OXY stock price ($11.80) is close to the 52-week low ($10.15). Perhaps now is a good time to buy? See OXY price chart.
  • OXY profitability is improving. The YoY profit margin change was 16.17 percentage points. See OXY profitability chart.
  • OXY Price/Book ratio is 0.84, which is low compared to its industry peers’ P/B ratios. See OXY forward Price/Book ratio chart.
  • OXY Price/Sales ratio is 0.54, which is low compared to its industry peers’ P/S ratios. See OXY forward Price/Sales ratio chart.
  • OXY PEG ratio (P/E adjusted for growth) is 0.26, which is low compared to its industry peers’ PEG ratios. See OXY PEG chart.
  • OXY average analyst price target ($15.89) is above its current price ($11.80). See OXY price target chart.

7. What are the reasons to sell OXY? Why should I sell OXY stock?

Let's look at the reasons to sell OXY stock (i.e., the bear case):

  • Oxy’s extensive unconventional inventory isn’t all Tier 1. More peripheral acreage will probably yield less productive wells.
  • Per management estimates, less than 40% of Oxy’s Permian inventory is profitable at our midcycle forecast of $55/bbl (WTI).
  • There are few international growth opportunities that can deliver the same stellar returns that the company is achieving with its unconventional program.
  • Occidental Petroleum’s businesses operate in a highly competitive environment, which could adversely affect its profitability and growth. The company faces intense competition from other oil and gas companies, which include state-owned foreign oil companies, major integrated oil companies and independent producers of oil and natural gas. In addition, the oil industry competes with other industries in meeting global energy requirements.
  • Like other oil and natural gas companies, Occidental Petroleum faces cost overruns and development interruptions due to delays in drilling and other approvals, property or border disputes, and equipment failures. These factors may impact the company’s production growth and targeted returns. Exploration is inherently risky and is subject to delays due to unexpected geological conditions or finding reserves of lower-than-expected quality or quantity, which may result in significant losses.
  • Occidental’s operations are subject to stringent federal, state, local and foreign laws and regulations related to improving or maintaining environmental quality. The company’s compliance costs have generally increased over time and are expected to increase further in the future.
  • OXY quarterly revenue growth was -33.80%, lower than the industry and sector average revenue growth (-0.16% and -0.04%, respectively). See OXY revenue growth chart.
  • OXY short share of float is 5.31%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See OXY short share of float chart.
  • OXY cash to debt ratio is 0.02, lower than the average industry (0.08) and sector (0.09) cash to debt ratio. See OXY cash to debt chart.
  • OXY Enterprise Value/Revenue multiple is 2.90, which is high compared to its industry peers’ Enterprise Value/Revenue multiples. See OXY Enterprise Value/Revenue chart.

Key Stats

8. What are OXY key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for OXY:

Metrics OXY
Price $9.70
Average Price Target / Upside $15.89 / 63.90%
Average Analyst Rating Hold
Forward Dividend Yield 0.31%
Industry Oil & Gas E&P
Sector Energy
Number of Employees 11,000
Market Cap $11.61B
Forward P/E Ratio -8.91
Price/Book Ratio 0.54
Revenue (TTM) $21.51B
YoY Quarterly Revenue Growth -33.80%
Profit Margin -56.15%

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