Occidental Petroleum (OXY) Stock Forecast & Price Target

$47.13 +1.77 (+3.90%)

(As of 12/20/2024 05:45 PM ET)

Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2025)

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 21 Analyst Ratings

Sell
1

Hold
13

Buy
7

Based on 21 Wall Street analysts who have issued ratings for Occidental Petroleum in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 1 has given a sell rating, 13 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for OXY.

Consensus Price Target

$62.10
31.75% Upside

According to the 21 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $62.10. The highest price target for OXY is $78.00, while the lowest price target for OXY is $51.00. The average price target represents a forecasted upside of 31.75% from the current price of $47.13.

Get the Latest News and Ratings for OXY and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Occidental Petroleum and its competitors.

OXY Analyst Ratings Over Time

Type	Current Forecast 12/24/23 to 12/23/24	1 Month Ago 11/24/23 to 11/23/24	3 Months Ago 9/25/23 to 9/24/24	1 Year Ago 12/24/22 to 12/24/23
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)	5 Buy rating(s)	9 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$62.10	$63.70	$71.60	$71.18
Forecasted Upside	31.75% Upside	22.67% Upside	36.65% Upside	17.05% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

URGENT: This Altcoin Opportunity Won’t Wait – Act Now (Ad)

Crypto has officially entered the "banana zone" – that wild phase where prices can 1000x in days. It happens like clockwork every 4 years, during the December to February window of a Bitcoin halving year. This is where fortunes are made – often LITERALLY overnight.

>> Register for the Workshop Now

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.

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	2.33	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	31.75% Upside	1,671.87% Upside	14.53% Upside
News Sentiment Rating	Neutral News See Recent OXY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $51.00	+12.11%
12/16/2024	Mizuho 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$72.00 ➝ $70.00	+46.94%
12/9/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$58.00 ➝ $51.00	+4.65%
12/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$56.00 ➝ $53.00	+9.01%
11/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $56.00	+12.18%
11/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$77.00 ➝ $78.00	+51.49%
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.
11/14/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$77.00 ➝ $65.00	+27.15%
11/13/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$70.00 ➝ $71.00	+44.28%
11/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$53.00 ➝ $54.00	+6.74%
11/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$73.00 ➝ $75.00	+48.25%
11/12/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $68.00	+34.41%
11/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$56.00	+9.35%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$57.00	+11.20%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$80.00 ➝ $65.00	+18.79%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$70.00 ➝ $65.00	+16.70%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$67.00 ➝ $58.00	+7.31%
10/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Mehta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$55.00	+3.29%
9/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$67.00 ➝ $63.00	+22.85%
9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$65.00 ➝ $56.00	+7.96%
4/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$65.00	-6.14%
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%
9/12/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$60.00	-8.72%
6/13/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/27/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:38 AM ET.

Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Occidental Petroleum pros and cons to contact@marketbeat.com.

Occidental Petroleum
Bull Case

Here are some ways that investors could benefit from investing in Occidental Petroleum Co.:

Current stock price is $48.74, which may present a buying opportunity for investors looking for value in the oil and gas sector.
Analysts have set a consensus price target of $63.10, indicating a potential upside of approximately 29.5% from the current price, suggesting strong future growth potential.
The company has a relatively low dividend payout ratio of 22.92%, indicating that it retains a significant portion of its earnings for reinvestment, which could lead to future growth.
Occidental Petroleum Co. has received multiple "hold" ratings from analysts, suggesting that while there may not be immediate bullish sentiment, the stock is considered stable and not likely to decline significantly.
With a market capitalization of $45.73 billion, Occidental Petroleum Co. is a major player in the oil and gas industry, providing a level of stability and reliability that can be attractive to investors.

Occidental Petroleum
Bear Case

Investors should be bearish about investing in Occidental Petroleum Co. for these reasons:

Recent target price reductions by analysts, including a decrease from $56.00 to $53.00 by Wells Fargo & Company, may indicate a lack of confidence in the stock's short-term performance.
The stock has experienced significant volatility, with a one-year high of $71.18 and a low of $47.20, which may pose risks for investors seeking stable returns.
Two analysts have rated the stock with a sell rating, suggesting that there are concerns about the company's future performance and potential risks in the market.
With a beta of 1.57, the stock is more volatile than the market, meaning it could experience larger price swings, which may not be suitable for risk-averse investors.
Recent price targets from various firms have been lowered, indicating a trend of decreasing expectations for the company's future profitability and growth.

OXY Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $62.10, with a high forecast of $78.00 and a low forecast of $51.00.
: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There is currently 1 sell rating, 13 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OXY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OXY, but not buy additional shares or sell existing shares.
: According to analysts, Occidental Petroleum's stock has a predicted upside of 31.75% based on their 12-month stock forecasts.
: Occidental Petroleum has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Scotiabank, Stephens, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: 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.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

URGENT: This Altcoin Opportunity Won’t Wait – Act Now (Ad)

>> Register for the Workshop Now

This page (NYSE:OXY) was last updated on 12/23/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Occidental Petroleum (OXY) Stock Forecast & Price Target