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

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 higher today making it today's featured energy winner. The industry as a whole closed the day up 0.6%. By the end of trading, Occidental Petroleum Corporation rose $1.87 (2.1%) to $92.65 on average volume. Throughout the day, 4,958,249 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 5,875,500 shares. The stock ranged in a price between $92.24-$93.49 after having opened the day at $92.71 as compared to the previous trading day's close of $90.78. Other companies within the Energy industry that increased today were: Barnwell Industries ( BRN), up 10.9%, Midstates Petroleum ( MPO), up 10.7%, Andatee China Marine Fuel Services Corporat ( AMCF), up 9.8% and Houston American Energy Corporation ( HUSA), up 9.6%.

  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $73.1 billion and is part of the basic materials sector. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 18.5% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 5 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 expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Torch Energy Royalty ( TRU), down 42.5%, BMB Munai ( BMBM), down 21.1%, GeoPetro Resources Company ( GPR), down 17.6% and InterOil Corporation ( IOC), down 8.4% , were all laggards within the energy industry with Enbridge ( ENB) being today's energy industry laggard.

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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