Occidental Petroleum Corporation (OXY)
NYSE: OXY · IEX Real-Time Price · USD
62.36
-0.52 (-0.83%)
At close: Jul 2, 2024, 4:00 PM
62.43
+0.07 (0.11%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Occidental Petroleum Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for OXY stock have an average target of 72.83, with a low estimate of 60 and a high estimate of 90. The average target predicts an increase of 16.79% from the current stock price of 62.36.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for OXY stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 1 | 1 |
| Buy | 4 | 4 | 3 | 4 | 4 | 4 |
| Hold | 8 | 8 | 8 | 9 | 10 | 9 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 16 | 14 | 15 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $68 → $69 | Hold | Maintains | $68 → $69 | +10.65% | Jun 21, 2024 |
| Citigroup | Citigroup | Hold Maintains $69 → $65 | Hold | Maintains | $69 → $65 | +4.23% | May 24, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $84 → $69 | Strong Buy → Hold | Downgrades | $84 → $69 | +10.65% | May 16, 2024 |
| Mizuho | Mizuho | Hold Maintains $71 → $76 | Hold | Maintains | $71 → $76 | +21.87% | May 13, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $70 → $68 | Hold | Maintains | $70 → $68 | +9.04% | May 9, 2024 |
Financial Forecast
Revenue This Year
29.52B
from 28.92B
Increased by 2.07%
Revenue Next Year
32.72B
from 29.52B
Increased by 10.85%
EPS This Year
3.83
from 3.90
Decreased by -1.87%
EPS Next Year
4.70
from 3.83
Increased by 22.93%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 33.5B | 36.3B | 36.0B |
| Avg | 29.5B | 32.7B | 31.1B |
| Low | 25.6B | 27.4B | 22.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 23.1% | 10.2% |
| Avg | 2.1% | 10.9% | -5.0% |
| Low | -11.5% | -7.2% | -31.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.66 | 6.04 | 6.48 |
| Avg | 3.83 | 4.70 | 4.75 |
| Low | 3.05 | 1.73 | 2.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 45.1% | 57.8% | 37.7% |
| Avg | -1.9% | 22.9% | 1.0% |
| Low | -21.9% | -54.8% | -47.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.