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DIS   110.40 (+0.90%)
AMC   4.84 (+0.62%)
PFE   27.21 (+1.19%)
PYPL   60.25 (+0.15%)
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Occidental Petroleum (OXY) Stock Forecast & Price Target

$60.51
-0.09 (-0.15%)
(As of 02:28 PM 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 14 Analyst Ratings

Analysts' Consensus Price Target

$70.06
15.78% Upside
High Forecast$82.00
Average Forecast$70.06
Low Forecast$59.00
TypeCurrent Forecast
2/28/23 to 2/28/24
1 Month Ago
1/29/23 to 1/29/24
3 Months Ago
11/30/22 to 11/30/23
1 Year Ago
2/28/22 to 2/28/23
Consensus Rating
Moderate Buy
Hold
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)
8 Buy rating(s)
7 Buy rating(s)
Hold
7 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$70.06$70.29$71.88$75.89
Predicted Upside15.78% Upside15.99% Upside14.98% Upside19.18% 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.
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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
2.57
2.54
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside15.62% Upside444.82% Upside7.75% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/16/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$59.00 ➝ $62.00+2.34%
2/16/2024Truist Financial
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 Lower TargetBuy ➝ Buy$80.00 ➝ $77.00+28.10%
2/15/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$74.00+27.28%
1/24/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$70.00 ➝ $68.00+18.72%
1/3/2024Mizuho
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 DowngradeBuy ➝ Neutral$63.00+4.92%
12/11/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$68.00+20.42%
12/8/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$78.00 ➝ $73.00+29.18%
11/10/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
10/18/2023Susquehanna
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 Boost TargetPositive ➝ Positive$72.00 ➝ $78.00+16.98%
10/4/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$72.00 ➝ $74.00+23.95%
9/27/2023Bank of America
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 Boost Target$78.00 ➝ $82.00+29.87%
9/20/2023Citigroup
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 Boost Target$62.00 ➝ $66.00+0.32%
9/12/2023Roth Mkm
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 Reiterated RatingNeutral ➝ Neutral$60.00-8.72%
7/10/2023Evercore ISI
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 Lower Target$60.00 ➝ $59.00+0.67%
6/13/202351job
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 Reiterated RatingMaintains
6/13/2023Piper Sandler
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 Boost Target$61.00 ➝ $62.00+4.75%
4/21/2023The Goldman Sachs Group
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 Boost TargetBuy$68.00 ➝ $77.00+24.45%
3/28/2023TD Cowen
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 UpgradeMarket Perform ➝ Outperform$63.00 ➝ $70.00+17.35%
3/17/2023Barclays
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 Boost Target$70.00 ➝ $78.00+32.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:01 PM ET.












OXY Price Target - Frequently Asked Questions

What is Occidental Petroleum's consensus rating and price target?

According to the issued ratings of 14 analysts in the last year, the consensus rating for Occidental Petroleum stock is Moderate Buy based on the current 7 hold ratings, 6 buy ratings and 1 strong buy rating for OXY. The average twelve-month price prediction for Occidental Petroleum is $70.06 with a high price target of $82.00 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 more than other Oils/Energy companies. The consensus rating score for Occidental Petroleum is 2.57 while the average consensus rating score for oils/energy companies is 2.54. 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 15.76% based on their 12-month stock forecasts.

What analysts cover Occidental Petroleum?

Occidental Petroleum has been rated by JPMorgan Chase & Co., Mizuho, Morgan Stanley, Raymond James, Stephens, Truist Financial, and Wells Fargo & Company in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:OXY) was last updated on 2/28/2024 by MarketBeat.com Staff