Occidental Petroleum Rises 2.71%, Q4 EPS Forecast to Plunge 76%
Shares rose 2.71% in the most recent session, gaining 4.3% over the past month and outpacing the S&P 500’s 1.49% decline but trailing the Oils-Energy sector’s 9.19% rally. Fourth-quarter EPS is projected at $0.19 (–76.25% y/y) on $5.88B revenue (–13.96%), with a sell ranking and 69.5x forward P/E.
1. Market Performance
Occidental shares climbed 2.71% in the most recent session and have gained 4.3% over the past month, outpacing the S&P 500’s 1.49% decline but lagging the Oils-Energy sector’s 9.19% rally.
2. Earnings Forecast
The company will report fourth-quarter results on February 18, with EPS expected at $0.19, a 76.25% year-over-year drop, on revenue of $5.88 billion, down 13.96% from the prior year; annual estimates call for EPS of $2.11 (–39.02%) and $25.96 billion in revenue (–3.41%).
3. Valuation and Analyst Sentiment
Occidental holds a Zacks Rank of #4 (Sell), reflecting a 46.23% EPS estimate cut over the past month; the stock trades at a 69.49x forward P/E versus an industry average of 18.64, placing its integrated oil peers in the bottom 17%.