Occidental Petroleum (OXY) Stock Forecast & Price Target

$47.60 +1.23 (+2.65%)

Closing price 03:59 PM Eastern

Extended Trading

$47.46 -0.14 (-0.30%)

As of 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

$61.71
29.66% Upside

According to the 21 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $61.71. 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 29.66% from the current price of $47.60.

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 2/5/24 to 2/4/25	1 Month Ago 1/6/24 to 1/5/25	3 Months Ago 11/7/23 to 11/6/24	1 Year Ago 2/5/23 to 2/5/24
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)	5 Buy rating(s)	6 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	11 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$61.71	$62.10	$65.72	$70.29
Forecasted Upside	29.66% Upside	22.94% Upside	27.89% Upside	23.37% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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	2.62	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	29.87% Upside	2,165.57% Upside	13.22% Upside
News Sentiment Rating	Positive 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
1/31/2025	The Goldman Sachs Group 2 of 5 stars	N. Mehta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$54.00 ➝ $45.00	-7.92%
1/13/2025	Truist Financial 2 of 5 stars	Neal Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$56.00 ➝ $58.00	+11.37%
12/19/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $51.00	+12.11%
12/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$72.00 ➝ $70.00	+46.94%
12/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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%
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.
11/12/2024	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
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 Tuesday at 10:57 PM 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 Tuesday, January 28, 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. has a solid market capitalization of approximately $47.52 billion, indicating a strong presence in the oil and gas industry, which can provide stability and growth potential for investors.
The company recently announced a quarterly dividend of $0.22 per share, translating to an annualized dividend of $0.88 and a yield of 1.74%. This consistent dividend payment can be attractive for income-focused investors.
Insider buying activity has been notable, with major shareholder Berkshire Hathaway Inc. increasing its stake significantly, indicating confidence in the company's future performance.
With a P/E ratio of 13.19, Occidental Petroleum Co. is relatively undervalued compared to the industry average, suggesting potential for price appreciation as the market corrects this valuation.
As of the latest trading session, the stock price is $50.57, which is close to its 50-day moving average of $49.72, suggesting that the stock is currently trading within a stable range, which may indicate a good entry point for investors.

Occidental Petroleum
Bear Case

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

The stock has recently experienced a decline of 2.7%, which may indicate underlying issues or market sentiment that could affect future performance.
Occidental Petroleum Co. has a beta of 1.57, suggesting that the stock is more volatile than the market. This higher volatility can lead to greater risk for investors, especially in uncertain market conditions.
The company has a relatively low dividend payout ratio of 22.92%, which may limit future dividend growth and could be a concern for income-focused investors looking for higher returns.
Institutional investors hold 88.70% of the stock, which can lead to less liquidity and increased susceptibility to large sell-offs if these investors decide to reduce their positions.
The two-hundred day moving average is $53.32, indicating that the stock is currently trading below this long-term average, which may suggest a bearish trend and potential challenges ahead for price recovery.

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 $61.71, 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 twelve months. 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 29.66% 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 Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, 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

This page (NYSE:OXY) was last updated on 2/4/2025 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