Occidental Rises On Unusually High Volume (OXY)

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.

NEW YORK ( TheStreet) -- Occidental Petroleum Corporation (NYSE: OXY) is trading at unusually high volume Thursday with 10.4 million shares changing hands. It is currently at two times its average daily volume and trading up $2.96 (+3.6%) at $84.32 as of 2:15 p.m. ET.

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Occidental has a market cap of $65.72 billion and is part of the basic materials sector and energy industry. Shares are up 6.2% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Occidental as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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