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
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Occidental Petroleum Corporation fell $1.59 (-1.8%) to $87.24 on average volume. Throughout the day, 3.7 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in price between $87.23-$88.48 after having opened the day at $88.32 as compared to the previous trading day's close of $88.83. Other companies within the Basic Materials sector that declined today were:
), down 11.6%,
), down 10.5%,
), down 9.9%, and
), down 9%.
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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 $73.82 billion and is part of the
industry. The company has a P/E ratio of 11.4, below the average energy industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Occidental Petroleum Corporation as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Occidental Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.