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Occidental Petroleum Corp has a consensus price target of $63.95 based on the ratings of 23 analysts. The high is $78 issued by Raymond James on November 21, 2024. The low is $55 issued by Goldman Sachs on October 2, 2024. The 3 most-recent analyst ratings were released by Citigroup, Raymond James, and UBS on November 26, 2024, November 21, 2024, and November 18, 2024, respectively. With an average price target of $64 between Citigroup, Raymond James, and UBS, there's an implied 26.83% upside for Occidental Petroleum Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Occidental Petroleum (NYSE:OXY) was reported by Citigroup on November 26, 2024. The analyst firm set a price target for $56.00 expecting OXY to rise to within 12 months (a possible 10.98% upside). 50 analyst firms have reported ratings in the last year.
The latest analyst rating for Occidental Petroleum (NYSE:OXY) was provided by Citigroup, and Occidental Petroleum maintained their neutral rating.
The last upgrade for Occidental Petroleum Corp happened on April 11, 2024 when Scotiabank raised their price target to $90. Scotiabank previously had a sector perform for Occidental Petroleum Corp.
The last downgrade for Occidental Petroleum Corp happened on May 16, 2024 when Truist Securities changed their price target from $84 to $69 for Occidental Petroleum Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Occidental Petroleum, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Occidental Petroleum was filed on November 26, 2024 so you should expect the next rating to be made available sometime around November 26, 2025.
While ratings are subjective and will change, the latest Occidental Petroleum (OXY) rating was a maintained with a price target of $57.00 to $56.00. The current price Occidental Petroleum (OXY) is trading at is $50.46, which is out of the analyst’s predicted range.
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