Occidental Petroleum (OXY) Stock Forecast & Price Target

$47.26 +1.55 (+3.38%)

Closing price 03/7/2025 03:59 PM Eastern

Extended Trading

$47.30 +0.04 (+0.08%)

As of 03/7/2025 07:59 PM Eastern

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
2

Hold
12

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, 2 have given a sell rating, 12 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for OXY.

Consensus Price Target

$61.50
30.14% Upside

According to the 21 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $61.50. The highest price target for OXY is $78.00, while the lowest price target for OXY is $45.00. The average price target represents a forecasted upside of 30.14% from the current price of $47.26.

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OXY Analyst Ratings Over Time

Type	Current Forecast 3/10/24 to 3/10/25	1 Month Ago 2/9/24 to 2/8/25	3 Months Ago 12/11/23 to 12/10/24	1 Year Ago 3/11/23 to 3/10/24
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)	6 Buy rating(s)	6 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$61.50	$61.36	$62.75	$70.06
Forecasted Upside	30.14% Upside	31.15% Upside	30.59% Upside	15.23% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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.

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	2.29	2.63	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	30.14% Upside	3,493.62% Upside	16.54% Upside
News Sentiment Rating	Positive News See Recent OXY News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/6/2025	Piper Sandler 2 of 5 stars	Mark Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$51.00 ➝ $50.00	+9.78%
2/21/2025	Wells Fargo & Company 4 of 5 stars		Reiterated Rating	Equal Weight ➝ Equal Weight
2/20/2025	UBS Group 4 of 5 stars	Josh Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$54.00 ➝ $56.00	+8.90%
2/19/2025	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mike Scialla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$71.00 ➝ $71.00	+38.11%
1/31/2025	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	Downgrade	Neutral ➝ Sell	$54.00 ➝ $45.00	-7.92%
1/23/2025	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Leo Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$54.00	+7.11%
1/13/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Neal Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$56.00 ➝ $58.00	+11.37%
12/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$72.00 ➝ $70.00	+46.94%
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%
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11/14/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$77.00 ➝ $65.00	+27.15%
11/12/2024	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%
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%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:27 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, March 7, 2025. 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.:

Occidental Petroleum Co. recently increased its quarterly dividend from $0.22 to $0.24, reflecting a commitment to returning value to shareholders. This increase results in an annualized dividend of $0.96, providing a yield of 2.03%, which can be attractive for income-focused investors.
The company reported a strong earnings per share (EPS) of $0.80 for the latest quarter, surpassing analyst expectations of $0.67. This indicates robust financial performance and effective management, which can instill confidence in potential investors.
Occidental Petroleum Co. has a solid return on equity (ROE) of 16.33%, suggesting that the company is efficient in generating profits from its equity. A high ROE is often viewed favorably by investors as it indicates effective management and profitability.
Recent insider buying activity, particularly by major shareholder Berkshire Hathaway Inc., which acquired over 763,000 shares, signals confidence in the company's future prospects. Insider buying can be a positive indicator for potential investors.
Analysts have a generally favorable outlook on Occidental Petroleum Co., with an average target price of $61.50 and a mix of buy and hold ratings. This suggests that there is potential for stock price appreciation, making it an interesting investment opportunity.

Occidental Petroleum
Bear Case

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

The company's revenue of $6.84 billion fell short of analyst estimates of $7.14 billion, indicating potential challenges in meeting market expectations. This shortfall could raise concerns about future revenue growth.
Occidental Petroleum Co. has a relatively high dividend payout ratio of 39.34%, which may limit its ability to reinvest in growth opportunities. A high payout ratio can be a red flag for investors looking for sustainable growth.
Some analysts have downgraded their price targets for Occidental Petroleum Co., with notable reductions from firms like Susquehanna and TD Cowen. This could indicate a more cautious outlook on the company's future performance.
The stock has received a mix of ratings, with three analysts issuing sell ratings. This divergence in analyst opinions may create uncertainty for investors regarding the stock's future trajectory.
Market volatility in the oil and gas sector can impact Occidental Petroleum Co.'s performance, as fluctuations in oil prices can significantly affect revenue and profitability. Investors should be aware of the inherent risks associated with commodity price dependence.

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 $61.50, with a high forecast of $78.00 and a low forecast of $45.00.
: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 2 sell ratings, 12 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 30.14% based on their 12-month stock forecasts.
: Over the previous 90 days, Occidental Petroleum's stock had 1 downgrade by analysts.
: Occidental Petroleum has been rated by research analysts at Mizuho, Piper Sandler, Roth Capital, Stephens, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company 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.

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This page (NYSE:OXY) was last updated on 3/10/2025 by MarketBeat.com Staff

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Occidental Petroleum (OXY) Stock Forecast & Price Target