What the Options Market Tells Us About Occidental Petroleum
Portfolio Pulse from Benzinga Insights
Financial analysis of Occidental Petroleum (NYSE:OXY) reveals a bearish sentiment among traders based on unusual options activity. With 26 unusual trades analyzed, 53% were bearish. The options market targets a price range of $55.0 to $77.5 for OXY. Recent trading volume and open interest analysis show significant activity within this price range. Occidental Petroleum, an independent oil and gas company, has seen its stock price increase by 1.35% to $67.53, with analysts giving mixed ratings and target prices ranging from $70 to $84. The next earnings report is expected in 15 days.

April 22, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Occidental Petroleum shows a bearish sentiment in options trading but has received mixed analyst ratings with target prices up to $84. The stock recently increased by 1.35% to $67.53.
The bearish sentiment in the options market suggests caution, but the stock's recent performance and mixed analyst ratings indicate potential stability or growth. The upcoming earnings report will be crucial for short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100