Occidental Reaches New 52-Week High (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) hit a new 52-week high Wednesday as it is currently trading at $94.53, above its previous 52-week high of $94.42 with 3.6 million shares traded as of 1:30 p.m. ET. Average volume has been 5.9 million shares over the past 30 days.

Occidental has a market cap of $73.14 billion and is part of the basic materials sector and energy industry. Shares are up 20.9% year to date as of the close of trading on Tuesday.

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 16.5, below the S&P 500 P/E ratio of 17.7.

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