Occidental Petroleum Corporation (OXY): Today's Featured Energy Loser - TheStreet

Occidental Petroleum Corporation

(

OXY

) pushed the Energy industry lower today making it today's featured Energy loser. The industry as a whole closed the day down 2.6%. By the end of trading, Occidental Petroleum Corporation fell $2.16 (-2.7%) to $77.34 on heavy volume. Throughout the day, 7.4 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 $76.93-$79.09 after having opened the day at $79.07 as compared to the previous trading day's close of $79.49. Other company's within the Energy industry that declined today were:

GeoPetro Resources Company

(

GPR

), down 14.4%,

ATP Oil & Gas

(

ATPG

), down 11.9%,

Pioneer Drilling Company

(

PDC

), down 11.8%, and

Union Drilling

(

UDRL

), down 11.3%.

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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 $64.29 billion and is part of the

basic materials

sector. The company has a P/E ratio of 9.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 11 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

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

BMB Munai

(

KAZ

), up 10%,

BMB Munai

(

BMBM

), up 10%,

LRR Energy

(

LRE

), up 7.9%, and

Geokinetics

(

GOK

), up 5.1%, were all gainers within the energy industry with

EXCO Resources

(

XCO

) being today's featured energy industry winner.

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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