Occidental Petroleum (OXY) Stock Forecast & Price Target

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$66.39

-1.95 (-2.85%)

(As of 10:10 AM ET)

Occidental Petroleum Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$72.06
8.53% Upside

High Forecast	$90.00
Average Forecast	$72.06
Low Forecast	$59.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$72.06	$70.06	$70.41	$72.94
Predicted Upside	8.53% Upside	15.76% Upside	15.94% Upside	16.79% Upside

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OXY Analyst Ratings 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.

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.

Occidental Petroleum Stock vs. The Competition

Type	Occidental Petroleum	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.53	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	5.42% Upside	460.69% Upside	11.23% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$62.00 ➝ $70.00	+1.32%
4/11/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$69.00 ➝ $70.00	+1.55%
4/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$63.00 ➝ $90.00	+30.57%
4/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$73.00	+6.49%
4/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$65.00	-6.14%
4/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$77.00 ➝ $84.00	+22.11%
Get the Latest News and Ratings for OXY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Occidental Petroleum and its competitors with MarketBeat's FREE daily newsletter.
3/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$66.00 ➝ $72.00	+10.74%
2/15/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$74.00	+27.28%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$70.00 ➝ $68.00	+18.72%
12/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$78.00 ➝ $73.00	+29.18%
11/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
10/18/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$72.00 ➝ $78.00	+16.98%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$72.00 ➝ $74.00	+23.95%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$78.00 ➝ $82.00	+29.87%
9/20/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$62.00 ➝ $66.00	+0.32%
9/12/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$60.00	-8.72%
7/10/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$60.00 ➝ $59.00	+0.67%
6/13/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
6/13/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$61.00 ➝ $62.00	+4.75%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$68.00 ➝ $77.00	+24.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:25 AM ET.

OXY Price Target - Frequently Asked Questions

What is Occidental Petroleum's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for Occidental Petroleum stock is Moderate Buy based on the current 8 hold ratings, 6 buy ratings and 1 strong buy rating for OXY. The average twelve-month price prediction for Occidental Petroleum is $72.06 with a high price target of $90.00 and a low price target of $59.00. 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 score for Occidental Petroleum is 2.53 while the average consensus rating score for oils/energy companies is 2.55. Learn more on how OXY compares to other companies.
Is Occidental Petroleum being upgraded by Wall Street analysts?: Over the previous 90 days, Occidental Petroleum's stock had 1 upgrade by analysts.

Does Occidental Petroleum's stock price have much upside?: According to analysts, Occidental Petroleum's stock has a predicted upside of 12.17% based on their 12-month stock forecasts.
What analysts cover Occidental Petroleum?: Occidental Petroleum has been rated by Barclays, HSBC, Mizuho, Morgan Stanley, Raymond James, Scotiabank, Stephens, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:OXY) was last updated on 4/16/2024 by MarketBeat.com Staff

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Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

OXY Analyst Ratings By Month

OXY Price Targets by Month

Occidental Petroleum Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

OXY Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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