OccidentalPetroleum (OXY) stands out in a strong industry
Published By : 30 Jun 2014 | Published By : QYRESEARCH
One of the most intriguing choices for investors in the stock market right now is the Occidental Petroleum Corporation (OXY, Analyst Report). The security in this U.S. oil space is witnessing solid earnings and is in good association from a Zack’s Industry Rank standpoint.
This point is extremely vital as often times the industry will have certain organizations that will grow with it, and there will also be different trends taking place in various sectors that will boost the securities across the board. This situation is taking place in the U.S. oil space as it also has a Zack’s Industry Rank of 70 out of nearly 250 industries. This suggests OXY is well-positioned in the market as compared to other segments globally.
Occidental Petroleum Corporation (OXY) is performing very well in the market. Over the past month, it has seen solid earnings estimate revision activity, suggesting analysts are sanguine about the entire activity on the firm’s prospects in both the short and long term.
The current quarter estimates have risen from $1.73 per share to $1.76 per share, while current year estimates have risen from $7.14 per share to $7.24 per share. So, the most decent pick in a strong industry is Occidental Petroleum as of now. The industry is not only seeing itself in the top third, but is also seeing solid estimate revisions currently.