Is It Overvalued? Look at the P/S Ratio: Hecla Mining Company (HL), Occidental Petroleum Corporation (OXY)

You should consider shares of Hecla Mining Company (NYSE:HL) and Occidental Petroleum Corporation (NYSE:OXY) if you are looking for a great stocks to invest in. Starting with the HL shares, which traded at $2.75 at the close of the recent session, gaining 8.70%. On Tuesday, the company’s shares shed $0.22 from its value which represented in intraday trading. The stock is now 15.55% higher in year-to-date (YTD) trading. HL’s intraday high was $2.77 while its lowest price touched $2.55. The stock’s 52-week high price is $3.07, which means the current price is at -10.42%. In terms of trading activity, the daily trading volume rose to 13661645 against 200-day average trading volume of 7,783,841 shares.

What are analyst forecasts for Hecla Mining Company (NYSE:HL)?

At a consensus rating of 2.88, HL is trending as a streaking Hold, as it has been the case a month ago when 8 analysts called it a Hold. Two months ago, 8 analysts recommended, on average, that HL stock is a Hold. The Basic Materials company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $2.55 on the day.

Forecasts for Hecla Mining Company (NYSE:HL) give the stock a fair value for the growth of -25.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $2.20, which means the price per share could fall by nearly -$0.55. The price range target is between a low of $1.50 and a high of $3.50. The stock would need to gain by about $21.43 to hit the estimated high or 0.44% from its 12-month low.

The consensus among 10 analysts is that it is a good time for one to Hold in the Hecla Mining Company. 3 analysts rate HL as a Buy, with 4 of 10 analysts rate it as a Sell. 0 have valued the stock as Overweight and 2 have recommended that investors Hold.

Hecla Mining Company (NYSE:HL) Upgrades and Downgrades

In terms of rating changes, BMO Capital Markets on November 08, 2019, Upgrade Hecla Mining Company (HL) at Market Perform. Analysts at JP Morgan have assigned a Neutral rating for the stock in their research note on May 10, 2019. Moreover, Cantor Fitzgerald analysts issued a rating of Neutral for the stock on May 10, 2019. On March 01, 2019, the stock earned a Neutral rating due to an analyst call from B. Riley FBR, while analysts from RBC Capital Mkts on January 17, 2019 suggested that the stock is Underperform.

Occidental Petroleum Corporation (NYSE:OXY) adds -$0.66 on Tuesday

The OXY stock has tanked -38.06% year-to-date and is currently trading at $38.02, which is -47.51% below its 52-week high. The company shares lost -1.71% on the day and have risen nearly 1.12% off a low hit. At current levels, Occidental Petroleum Corporation has a valuation of about $18.86B. As of 12/03/19, this stock has fallen -4.78% during the week and closed at $38.68 in the previous session. However, recent Occidental Petroleum Corporation stock performance shows that OXY shares are -10.10% down over the last month, and -12.76% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.14, with the trailing 12-month share earnings at $1.39. The ratio is expected to be down by -64.10% for the current year 2019 and -45.00% for next year. Over the next 5-year period, earnings per share will be -20.24%. But will the OXY stock surprise in the current quarter results, where the $0.11 actual EPS reported on 9/29/2019 surprised by -70.30% or was lower by -$0.26 from the estimated $0.37.

Sales Growth to climb 22.50% for the year

How well will Occidental Petroleum Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $5.28B and $6.56B in current quarter sales. The consensus estimated for the current quarter is $6.14B from sales. Forecasts for this fiscal year are between $20.31B and $20.99B and the consensus estimate for sales is at $20.68B.

Who owns shares in Occidental Petroleum Corporation (OXY)?

Let’s briefly focus on the share ownership of the Occidental Petroleum Corporation (NYSE:OXY) stock, where we find that 86.67% of shares are held by institutions. Dodge & Cox Inc tops the list of institutional owners as it is holding 89.15 million shares or 9.98% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 73.27 million and 59.01 million representing 8.20% and 6.61% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 43.48 million shares at over 1.93 billion. This represented 4.87% of shares outstanding. Franklin Resources, Inc held 31.25 million shares at over 1.39 billion representing 3.50% of shares outstanding.

OXY Insider Activity

On 6/10/2019, President & Chief Executive Officer by the name Hollub Vicki A bought 37460.0 shares worth $1.8 million at the price of $48.15 per share. Filings also show that Hollub Vicki A sold a total of 13608.0 shares on 2/28/2019 valued at $900200.0. Since the last insider activity, the company’s share price has dropped -41.53%.