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Occidental Petroleum (OXY) Stock Forecast & Price Target

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$62.67
-0.68 (-1.07%)
(As of 05/22/2024 ET)
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Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 14 Analyst Ratings

Consensus Price Target

$71.00
13.29% Upside
High Forecast$90.00
Average Forecast$71.00
Low Forecast$59.00
TypeCurrent Forecast
5/24/23 to 5/23/24		1 Month Ago
4/24/23 to 4/23/24		3 Months Ago
2/23/23 to 2/23/24		1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
9 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
10 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$71.00$71.94$70.06$70.94
Forecasted Upside13.29% Upside11.72% Upside15.76% Upside14.25% Upside
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OXY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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OXY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Occidental Petroleum Stock vs. The Competition

TypeOccidental PetroleumOils/Energy CompaniesS&P 500
Consensus Rating Score
2.43
2.54
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside13.29% Upside542.11% Upside8.72% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/16/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		N. Dingmann
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeBuy ➝ Hold$84.00 ➝ $69.00+8.82%
5/9/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$70.00 ➝ $68.00+5.94%
5/8/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$70.00 ➝ $71.00+9.11%
4/22/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetPositive ➝ Positive$70.00 ➝ $81.00+21.57%
4/11/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSector Perform ➝ Sector Outperform$63.00 ➝ $90.00+30.57%
4/10/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageEqual Weight$73.00+6.49%
4/8/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$65.00-6.14%
3/28/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$66.00 ➝ $72.00+10.74%
2/15/2024Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$74.00+27.28%
1/24/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetStrong-Buy ➝ Strong-Buy$70.00 ➝ $68.00+18.72%
12/8/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$78.00 ➝ $73.00+29.18%
11/10/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform
10/4/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$72.00 ➝ $74.00+23.95%
9/27/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$78.00 ➝ $82.00+29.87%
9/20/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$62.00 ➝ $66.00+0.32%
9/12/2023Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Neutral$60.00-8.72%
7/10/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$60.00 ➝ $59.00+0.67%
6/13/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
6/13/2023Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$61.00 ➝ $62.00+4.75%
4/21/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$68.00 ➝ $77.00+24.45%
3/28/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$63.00 ➝ $70.00+17.35%
2/27/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		L. Mariani
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingNeutral
11/9/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform$63.00 ➝ $65.00-10.60%
10/19/2022Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold
8/19/2022Tudor, Pickering, Holt & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
8/19/2022Tudor Pickering
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
7/20/2022MKM Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral$65.00+3.47%
6/20/2022Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Set Target$81.00+45.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:11 AM ET.

OXY Frequently Asked Questions

What is Occidental Petroleum's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $71.00, with a high forecast of $90.00 and a low forecast of $59.00. The consensus rating for Occidental Petroleum stock is Hold based on the current 9 hold ratings, 4 buy ratings and 1 strong buy rating for OXY. Learn more on OXY's analyst rating history.

Do Wall Street analysts like Occidental Petroleum more than its competitors?

Analysts like Occidental Petroleum less than other "oils/energy" companies. The consensus rating for Occidental Petroleum is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how OXY compares to other companies.

Is Occidental Petroleum being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Occidental Petroleum's stock had 1 upgrade and 1 downgrade by analysts.

Does Occidental Petroleum's stock price have much upside?

According to analysts, Occidental Petroleum's stock has a predicted upside of 11.90% based on their 12-month stock forecasts.

What analysts cover Occidental Petroleum?

Occidental Petroleum has been rated by research analysts at Barclays, HSBC, Mizuho, Morgan Stanley, Scotiabank, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:OXY) was last updated on 5/23/2024 by MarketBeat.com Staff

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