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Occidental Petroleum Corporation (OXY): Today's Featured Energy Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Occidental Petroleum Corporation (OXY) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Occidental Petroleum Corporation fell $1.67 (-2.2%) to $74.86 on heavy volume. Throughout the day, seven million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4.5 million shares. The stock ranged in price between $74.78-$76.10 after having opened the day at $75.77 as compared to the previous trading day's close of $76.53. Other companies within the Energy industry that declined today were: HyperDynamics Corporation (HDY), down 18.3%, Forbes Energy Services (FES), down 17.8%, Weatherford International (WFT), down 15.9%, and Abraxas Petroleum Corporation (AXAS), down 13.3%.

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Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. Occidental Petroleum Corporation has a market cap of $62.1 billion and is part of the basic materials sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 18.2% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Emerald Oil (EOX), up 270.2%, ZaZa Energy (ZAZA), up 32.1%, BMB Munai (BMBM), up 17.9%, and Torch Energy Royalty (TRU), up 13.5%, were all gainers within the energy industry with Southwestern Energy Company (SWN) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR (XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas (DDG).

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