Occidental Petroleum Corporation (OXY)
NYSE: OXY · IEX Real-Time Price · USD
67.33
-0.06 (-0.09%)
At close: Apr 24, 2024, 4:00 PM
67.27
-0.06 (-0.09%)
After-hours: Apr 24, 2024, 7:59 PM EDT
Occidental Petroleum Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for OXY stock have an average target of 72.54, with a low estimate of 60 and a high estimate of 90. The average target predicts an increase of 7.74% from the current stock price of 67.33.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for OXY stock from 15 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 3 | 3 | 2 |
| Buy | 4 | 5 | 4 | 4 | 3 | 4 |
| Hold | 7 | 7 | 8 | 8 | 8 | 9 |
| Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 16 | 16 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $70 → $81 | Buy | Maintains | $70 → $81 | +20.30% | Apr 22, 2024 |
| Scotiabank | Scotiabank | Hold → Buy Upgrades $63 → $90 | Hold → Buy | Upgrades | $63 → $90 | +33.67% | Apr 11, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $62 → $70 | Hold | Maintains | $62 → $70 | +3.97% | Apr 11, 2024 |
| Mizuho | Mizuho | Hold Maintains $69 → $70 | Hold | Maintains | $69 → $70 | +3.97% | Apr 11, 2024 |
| Barclays | Barclays | Hold Initiates $73 | Hold | Initiates | $73 | +8.42% | Apr 10, 2024 |
Financial Forecast
Revenue This Year
30.39B
from 28.92B
Increased by 5.08%
Revenue Next Year
33.86B
from 30.39B
Increased by 11.43%
EPS This Year
3.69
from 3.90
Decreased by -5.47%
EPS Next Year
4.79
from 3.69
Increased by 30.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 34.0B | 37.5B | 37.2B |
| Avg | 30.4B | 33.9B | 34.4B |
| Low | 26.9B | 29.4B | 30.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.5% | 23.5% | 9.9% |
| Avg | 5.1% | 11.4% | 1.6% |
| Low | -6.8% | -3.1% | -10.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.66 | 6.20 | 6.48 | 6.12 | 3.57 |
| Avg | 3.69 | 4.79 | 4.97 | 4.51 | 3.43 |
| Low | 2.05 | 1.47 | 3.38 | 3.04 | 3.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 45.1% | 68.0% | 35.2% | 23.2% | -20.8% |
| Avg | -5.5% | 30.0% | 3.7% | -9.3% | -23.9% |
| Low | -47.5% | -60.1% | -29.5% | -38.9% | -26.1% |
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.