Global bond report - Occidental Petroleum

USA

Occidental Petroleum bond sinks 4.9% 17 August, 2018

NEWS BITES - BONDS

Occidental Petroleum Corp (OXY.HB) bond has sunk $US6.0 (or 4.9%) to close at $US115.33. The yield to maturity is 4.837%.

SECTION 1

ISSUE DETAILS

CUSIP: 67461FED5

1.1 Maturity & Coupon details

IssuerOccidental Petroleum
Maturity DateJanuary 15, 2023
Amount Outstanding$US22.3 million
CallableNo
Coupon8.75%
Coupon TypeFixed
Pay FrequencyHalf-yearly
Dated DateJanuary 15, 1993
First Coupon DateJuly 15, 1993
Interest Accrual DateJanuary 15, 1993

1.2 Price change % & YTM

1-day
Price Change %-4.9
Spread to Treasuries %2.09

SECTION 2

RELATIVE VALUATION INDICATORS [RVI] TECHNICALS

2.1 Rank in Market

DescriptionValueRank In Market
Price Change %-4.9In Bottom 3%
Relative Strength (6M)1In Bottom 1%

2.2 Present Value in USD for Occidental Petroleum (OXY.HB) bond

+ The present value of USD1,000 (PV1000) invested five years ago is $US924, for a capital loss of $US76.

+ 5 years Multiplier in USD = 0.924x

+ Compound Annual Growth Rate (CAGR) in USD = -1.6%

SECTION 3

KEY STATISTICS OF OTHER OCCIDENTAL PETROLEUM BONDS

For Company searches and sorting by bonds and variables, an interactive version of current day's Table is available here: click here

3.1 Time [Yrs Mo Days] and Yield to Maturity as on Aug 16, 2018

Short-Term Bonds

Short-Term Occidental Petroleum corporate bond yields (CUSIP: 674599BY0), maturing in 2 years 5 months have decreased from 3.2% to 3.04% in the past quarter. Over the same period, spread with treasury has decreased 277 basis points.

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599BY02 yrs 5 mo 15 d3.042.610.43-16

Medium-Term Bonds

Medium-Term Occidental Petroleum corporate bond yields (CUSIP: 674599CE3), maturing in 4 years 5 months have decreased from 3.5% to 3.27% in the past quarter. Over the same period, spread with treasury has decreased 297 basis points.

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599CE34 yrs 5 mo 29 d3.272.740.53-23

3.2 Maturity and YTM

MaturityYield to maturity %Yrs to Maturity
Aug 20192.860.96
Feb 20213.042.46
Feb 20223.223.49
Jan to Feb 20233.27 to 4.844.41 to 4.49
Apr 20284.389.62

SECTION 4

CREDIT RATING SUMMARY

Rating AgencyRatingEffective Date
Moody'sA3February 25, 2016

SECTION 5

ACTIVITIES

Occidental Petroleum Corporation (Occidental) conducts its operations, through various oil and gas, chemical, midstream, marketing and other subsidiaries, and affiliates. The Company operates in three business segments: oil and gas segment, chemical segment, and midstream, marketing and other segment. The oil and gas segment explores for, develops, produces and markets crude oil, natural gas liquids (NGLs), condensate and natural gas. The chemical segment (OxyChem) manufactures and markets basic chemicals, vinyls and performance chemicals. The midstream, marketing and other segment (midstream and marketing) gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power. In February 2008, Occidental purchased from Plains a 50% interest in oil and gas properties in the Permian Basin and western Colorado.

SECTION 6

STOCK DETAILS

6.1 Market Position

Occidental Petroleum Corporation (NYSE:OXY), the NYSE's largest Exploration & Production company by market cap, jumped $US20.15 (or 34.5%) in the trailing 12 months to August 17, 2018 to close at $US78.55. This means the stock has outperformed 80% of NYSE-listed stocks in the same period. Compared with the S&P 500 Index which has risen 15.5% over the same period, this is a relative price increase of 19.0%. Average daily volume in the trailing 12 months equalled average trading of 4.5 million shares in the previous year.

6.2 Global Rank

Rank in the S&P 500 Index [out of 502 stocks]

DescriptionValueRank
MCap (US$)70.2B82
Total Assets (US$)42B141
Revenue (US$)13.3B138
Net Profit (US$)1.3B135
Return on Equity %6.4377
Net Profit Margin %9.9257
Price to Book3.4132
Price Earnings45.9249
Yield %3.942
PV$1000 (1Year) US$1,40793
% Change YTD7.1209

6.3 Independent Ratings

Occidental Petroleum Corp was ranked 17 in IHS Energy's list of Top 50 Energy Companies 2013; unchanged over a year from the same rank 17 in 2012.

It was ranked 116 by total revenues in the Fortune 500 annual list for 2014; an improvement over a year from rank 125 in 2013.

It is the 203rd largest company in the Platts Top 250 Global Energy Company Rankings.

It is the 214th largest by revenue in the FT Global 500.

It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 310.

It was ranked 367 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016.

It is the 488th largest by revenue in the Forbes Global 2000.

6.4 Stock News and Analysis

Occidental Petroleum up 2.2% in 2 days

Occidental Petroleum Corporation (NYSE:OXY) extended its gains on Friday, rising an additional 58.0c (or 0.7%) to trade at $US78.60. Trading volume was 89% of average so far today. The shares have risen $US1.67 (or 2.2%) over the past two trading days vs. the S&P 500 Index which has risen 0.9% in the same period.

Current indications of bullish signals that support the trend in the unusual trading:

+ In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.

+ The present value of USD1,000 invested one year ago is $US1,408 [vs $US1,170 for the S&P 500 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 3.9% [1.7%]

+ Return on Capital Employed 3.8% [1.8%]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 4 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.7. Compared with the rest of the market the stock is undervalued.

Note

Occidental Petroleum today is at a discount of 9.5% to the 12-month high of $US86.89 on 07 Jun, 2018. It is at a premium of 35.7% to the 12-month low of $US57.92 on 21 Aug, 2017.

The stock has outperformed 73% of the NYSE market over the past 6 months.

Bearish Signals:

The negative 1.4 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price sank 4.9% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 5.3 [1.9]

Price/Earnings of 46.0 [26.5]

Occidental Petroleum Corporation (N:OXY)

ISIN: US6745991058

PermID: 4297122318

CIK: 797468

CUSIP: 674599105

Source: www.BuySellSignals.com