Occidental Petroleum Corp. (OXY)

Occidental Petroleum is trading in a downtrend: the stock closed at $55.76 on November 9, 2026, below its 50-day and 200-day moving averages ($59.99 and $56.51), and its 14-day RSI of 31.8 sits in the bearish zone. The stock is still up 34.98% over the past year, but it has slipped 8.17% over the past week and 7.24% over the past month. The pullback comes as analysts stay constructive on the name: none rate it a sell, 12 rate it buy or strong buy, and the median 12-month target of $70.00 sits 25.5% above the price. For investors, the question is whether the stock can reclaim the moving averages that now sit just above it.

The stock has fallen 17.33% from its 52-week high of $67.45 and sits 59% of the way up its 52-week range. The one-year gain of 34.98% is strong, but the shorter returns point the other way: the stock is down 8.17% over one week, 7.24% over one month and 4.93% over three months. Last session it fell 1.10% on volume 14.8% above its average. The stock trades 7.04% below its 50-day SMA and 1.32% below its 200-day SMA. The 50-day SMA of $59.99 remains below the 200-day SMA ($56.51), a gap of 6.15%, so the longer-term structure has not yet rolled over, but the price at $55.76 has moved beneath both averages.

Occidental has beaten the EPS estimate in all seven of its last seven earnings reports. The May 5, 2026 report came in at $1.06 against an estimate of $0.59, a 79.66% beat, yet the stock fell 7.11% in the first session after it. The February 18, 2026 report beat by 82.35% and the stock rose 9.38% the next session. Across the seven reports, only one beat was followed by a lower share price. Return on equity of 10.63% is below the sector median of 14.2%, which keeps the profitability story from looking complete.

At a trailing P/E of 16.02, the stock is 12.9% below the sector median P/E of 18.4, which the Peer Benchmarking card rates as broadly in line with peers. The price-to-sales ratio of 2.33 sits 6.8% below the sector median of 2.5. The trailing dividend yield is 1.87%, based on an annual dividend of $1.04 per share. Debt-to-equity of 0.35 leaves the balance sheet in comparatively good shape. Insiders have not sold shares in the last 18 months, while two insider purchases totalling $445K were recorded in the same period.

Of 28 analysts with a current rating, 12 rate the stock buy or strong buy, 16 rate it hold and none rate it sell. Three months ago, nine of 24 ratings were buy. Recent actions included Goldman Sachs keeping its Buy rating and Piper Sandler taking over coverage at Neutral on October 27, 2026. The consensus rating is Hold, and CleaRank's rating of Hold matches it.

The base case for the coming months is a stock that stays range-bound while it works back toward its moving averages. The price sits below the 200-day average of $56.51, the 20-day EMA of $59.93 and the 50-day SMA of $59.99, and the MACD line is negative, so the trend needs a sustained close above those averages before it can be called repaired. Analysts' targets run from $60.00 to $82.00 with a median of $70.00, which implies room to run if earnings keep beating. Analysts expect next year's EPS to fall to $5.02 from $6.87 this year, so the bull case depends on the company sustaining its current profit levels rather than on earnings growth. A move back above $59.93 and $59.99 would strengthen the case for a recovery toward the 52-week high of $67.45. A slide below the 52-week low of $38.80 would signal a much weaker trend, and it is far from the current price. Each analyst target is the analysts' own figure.

Support sits at the 52-week low of $38.80, the level a fall would meet first, and is well below the current price. Resistance is closest at the 200-day simple moving average of $56.51, the level a rise would meet first. Next is the 20-day exponential moving average at $59.93, then the 50-day simple moving average at $59.99. A close above that cluster would be the first sign that the trend is turning. The 52-week high of $67.45 is the final resistance on the chart.