Occidental Petroleum Corporation (OXY)
NYSE: OXY · Real-Time Price · USD
50.56
+0.99 (2.00%)
At close: Nov 4, 2024, 4:00 PM
50.53
-0.03 (-0.06%)
After-hours: Nov 4, 2024, 5:29 PM EST

Occidental Petroleum Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for OXY stock have an average target of 65.63, with a low estimate of 55 and a high estimate of 78. The average target predicts an increase of 29.81% from the current stock price of 50.56.

Analyst Consensus: Hold
Target Low Average Median High
Price $55 $65.63 $65 $78
Change +8.78% +29.81% +28.56% +54.27%

Analyst Ratings

The average analyst rating for OXY stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 111111
Buy 455555
Hold 99981010
Sell 000111
Strong Sell 000000
Total 141515151717

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Susquehanna
Susquehanna
Buy
Maintains
$78$77
Buy Maintains $78$77 +52.29% Oct 18, 2024
B of A Securities
B of A Securities
Hold
Initiates
$57
Hold Initiates $57 +12.74% Oct 17, 2024
Scotiabank
Scotiabank
Buy
Maintains
$80$65
Buy Maintains $80$65 +28.56% Oct 10, 2024
Barclays
Barclays
Hold
Maintains
$67$58
Hold Maintains $67$58 +14.72% Oct 3, 2024
Goldman Sachs
Goldman Sachs
Hold
Initiates
$55
Hold Initiates $55 +8.78% Oct 2, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
27.86B
from 28.26B
Decreased by -1.39%
Revenue Next Year
29.97B
from 27.86B
Increased by 7.54%
EPS This Year
3.22
from 3.90
Decreased by -17.41%
EPS Next Year
3.32
from 3.22
Increased by 2.83%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
20.91B17.81B25.96B36.63B28.26B27.86B29.97B30.93B
Revenue Growth
17.32%-14.83%45.75%41.14%-22.87%-1.39%7.54%3.23%
EPS
-1.22-17.061.5712.403.903.223.324.03
EPS Growth
---689.00%-68.52%-17.41%2.83%21.65%
Forward PE
-----15.6815.2512.53
No. Analysts -----302919
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 30.3B 34.3B 36.7B
Avg 27.9B 30.0B 30.9B
Low 24.7B 22.8B 24.2B

Revenue Growth

Revenue Growth 202420252026
High
7.2%
23.1%
22.5%
Avg
-1.4%
7.5%
3.2%
Low
-12.6%
-18.2%
-19.2%

EPS Forecast

EPS 202420252026
High 4.43 5.99 6.29
Avg 3.22 3.32 4.03
Low 2.43 0.97 1.71

EPS Growth

EPS Growth 202420252026
High
13.5%
85.6%
89.7%
Avg
-17.4%
2.8%
21.6%
Low
-37.8%
-70.1%
-48.3%
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.