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 down 0.2%. By the end of trading, Occidental Petroleum Corporation fell $1.23 (-1.4%) to $85.15 on heavy volume. Throughout the day, 5.8 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $84.52-$86.75 after having opened the day at $86.23 as compared to the previous trading day's close of $86.38. Other companies within the Energy industry that declined today were: Andatee China Marine Fuel Services Corporat ( AMCF), down 19%, Core Laboratories N.V ( CLB), down 16.3%, Torch Energy Royalty ( TRU), down 15%, and GeoPetro Resources Company ( GPR), down 8.9%.
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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 $69.7 billion and is part of the basic materials sector. The company has a P/E ratio of 11.1, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 8.2% year to date as of the close of trading on Monday. 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 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, 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.

On the positive front, Lone Pine Resources ( LPR), up 6.6%, HKN ( HKN), up 6.4%, Rose Rock Midstream ( RRMS), up 5.8%, and Recovery Energy ( RECV), up 5.4%, were all gainers within the energy industry with Halliburton Company ( HAL) 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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