Skip to main content

Occidental Petroleum Corporation



) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 1.9%. By the end of trading, Occidental Petroleum Corporation rose $1.87 (2.3%) to $82.89 on average volume. Throughout the day, 3.8 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $82.04-$83.75 after having opened the day at $82.19 as compared to the previous trading day's close of $81.02. Other companies within the Energy industry that increased today were:

North American Energy Partners Incorporate



), up 27.9%,

New Concept Energy



), up 19.8%,

GeoGlobal Resources



), up 14.6%, and

Scroll to Continue

TheStreet Recommends

Tri-Valley Corporation



), up 13.8%.

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 $65.71 billion and is part of the

basic materials

sector. The company has a P/E ratio of 9.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.5% 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


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

On the negative front,

Recon Technology



), down 10.2%,

HyperDynamics Corporation



), down 10.1%,




), down 4.3%, and

LRR Energy



), down 4.3%, were all losers within the energy industry with




) being today's energy industry loser.

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



) while those bearish on the energy industry could consider

Proshares Short Oil & Gas