Occidental Petroleum Stock Price Prediction
| OXY Stock | USD 50.32 0.47 0.94% |
Oversold Vs Overbought
45
Oversold | Overbought |
Quarterly Earnings Growth (0.18) | EPS Estimate Next Quarter 0.7 | EPS Estimate Current Year 3.4212 | EPS Estimate Next Year 3.6396 | Wall Street Target Price 62.8893 |
Using Occidental Petroleum hype-based prediction, you can estimate the value of Occidental Petroleum from the perspective of Occidental Petroleum response to recently generated media hype and the effects of current headlines on its competitors.
Occidental Petroleum Hype to Price Pattern
Investor biases related to Occidental Petroleum's public news can be used to forecast risks associated with an investment in Occidental. The trend in average sentiment can be used to explain how an investor holding Occidental can time the market purely based on public headlines and social activities around Occidental Petroleum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Occidental Petroleum's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Occidental Petroleum.
The fear of missing out, i.e., FOMO, can cause potential investors in Occidental Petroleum to buy its stock at a price that has no basis in reality. In that case, they are not buying Occidental because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Occidental Petroleum after-hype prediction price | USD 50.39 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Occidental |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Occidental Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Occidental Petroleum After-Hype Price Prediction Density Analysis
As far as predicting the price of Occidental Petroleum at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Occidental Petroleum or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Occidental Petroleum, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Occidental Petroleum Estimiated After-Hype Price Volatility
In the context of predicting Occidental Petroleum's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Occidental Petroleum's historical news coverage. Occidental Petroleum's after-hype downside and upside margins for the prediction period are 48.87 and 51.91, respectively. We have considered Occidental Petroleum's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Occidental Petroleum is very steady at this time. Analysis and calculation of next after-hype price of Occidental Petroleum is based on 3 months time horizon.
Occidental Petroleum Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Occidental Petroleum is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Occidental Petroleum backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Occidental Petroleum, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.18 | 1.52 | 0.07 | 0.02 | 9 Events / Month | 7 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
50.32 | 50.39 | 0.14 |
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Occidental Petroleum Hype Timeline
On the 28th of November Occidental Petroleum is traded for 50.32. The entity has historical hype elasticity of 0.07, and average elasticity to hype of competition of -0.02. Occidental is anticipated to increase in value after the next headline, with the price projected to jump to 50.39 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 0.14%, whereas the daily expected return is now at -0.18%. The volatility of related hype on Occidental Petroleum is about 1688.89%, with the expected price after the next announcement by competition of 50.30. The company reported the last year's revenue of 28.26 B. Total Income to common stockholders was 4.7 B with profit before taxes, overhead, and interest of 24.57 B. Considering the 90-day investment horizon the next anticipated press release will be in about 9 days. Check out Occidental Petroleum Basic Forecasting Models to cross-verify your projections.Occidental Petroleum Related Hype Analysis
Having access to credible news sources related to Occidental Petroleum's direct competition is more important than ever and may enhance your ability to predict Occidental Petroleum's future price movements. Getting to know how Occidental Petroleum's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Occidental Petroleum may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CTRA | Coterra Energy | (0.02) | 11 per month | 1.35 | 0.03 | 2.27 | (2.08) | 8.03 | |
| FANG | Diamondback Energy | (0.43) | 10 per month | 0.00 | (0.11) | 3.00 | (3.91) | 9.60 | |
| COP | ConocoPhillips | 0.53 | 9 per month | 0.00 | (0.09) | 2.59 | (3.41) | 11.42 | |
| EOG | EOG Resources | (0.45) | 10 per month | 1.56 | (0.03) | 1.92 | (3.19) | 9.26 | |
| DVN | Devon Energy | (0.74) | 11 per month | 0.00 | (0.20) | 2.14 | (2.99) | 7.08 | |
| MRO | Marathon Oil | 0.45 | 8 per month | 1.57 | (0.03) | 2.64 | (3.27) | 7.72 | |
| APA | APA Corporation | (0.32) | 9 per month | 0.00 | (0.16) | 3.31 | (5.80) | 17.30 | |
| PR | Permian Resources | 0.26 | 8 per month | 1.95 | 0.02 | 2.90 | (3.33) | 8.22 |
Occidental Petroleum Additional Predictive Modules
Most predictive techniques to examine Occidental price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Occidental using various technical indicators. When you analyze Occidental charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Occidental Petroleum Predictive Indicators
The successful prediction of Occidental Petroleum stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Occidental Petroleum, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Occidental Petroleum based on analysis of Occidental Petroleum hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Occidental Petroleum's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Occidental Petroleum's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.031 | 0.0203 | 0.0257 | 0.0505 | Price To Sales Ratio | 1.04 | 1.59 | 1.88 | 1.38 |
Story Coverage note for Occidental Petroleum
The number of cover stories for Occidental Petroleum depends on current market conditions and Occidental Petroleum's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Occidental Petroleum is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Occidental Petroleum's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Occidental Petroleum Short Properties
Occidental Petroleum's future price predictability will typically decrease when Occidental Petroleum's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Occidental Petroleum often depends not only on the future outlook of the potential Occidental Petroleum's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Occidental Petroleum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 960.9 M | |
| Cash And Short Term Investments | 1.4 B |
Additional Tools for Occidental Stock Analysis
When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.