NYSE:OXY

Occidental Petroleum (OXY) Price Target & Analyst Ratings

$58.25

-0.67 (-1.14%)

(As of 05/18/2023 ET)

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Today's Range: $57.77
▼
$58.85
50-Day Range: $56.80
▼
$65.18
52-Week Range: $54.30
▼
$77.13

Volume: 11.21 million shs
Average Volume: 12.79 million shs
Market Capitalization: $51.94 billion

P/E Ratio: 6.67
Dividend Yield: 1.24%
Price Target: $72.83

Occidental Petroleum Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 21 Analyst Ratings

Consensus Analyst Price Target

$72.39
24.27% Upside

High Prediction	$85.00
Average Prediction	$72.39
Low Prediction	$60.00

Type	Current 5/18/22 to 5/18/23	1 Month Ago 4/18/22 to 4/18/23	3 Months Ago 2/17/22 to 2/17/23	1 Year Ago 5/18/21 to 5/18/22
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$72.39	$72.94	$76.82	$62.89
Predicted Upside	24.27% Upside	16.79% Upside	20.18% Upside	31.50% Upside

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OXY Analyst Ratings 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	2.38	2.60	2.48
Consensus Rating	Hold	Buy	Hold
Predicted Upside	24.27% Upside	183.05% Upside	164.04% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/18/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$62.00 ➝ $61.00	+3.53%
5/11/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$86.00 ➝ $85.00	+49.52%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$68.00 ➝ $77.00	+24.45%
4/21/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$75.00 ➝ $80.00	+29.30%
4/21/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive	$72.00 ➝ $75.00	+20.91%
4/19/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$62.00 ➝ $63.00	+0.85%

4/19/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$68.00	+7.94%
4/11/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$63.00 ➝ $66.00	+2.53%
4/10/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$83.00 ➝ $79.00	+25.32%
4/7/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$64.00 ➝ $65.00	+3.11%
3/28/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$63.00 ➝ $70.00	+17.35%
3/17/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$70.00 ➝ $78.00	+32.11%
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
2/22/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	In-Line ➝ Underperform	$74.00 ➝ $60.00	+0.30%
1/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$80.00	+28.58%
11/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$63.00 ➝ $65.00	-10.60%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
8/19/2022	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/19/2022	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/20/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$65.00	+3.47%
6/20/2022	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$81.00	+45.47%
5/19/2022	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$85.00	+32.56%

(Data available from 5/18/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

OXY Price Target - Frequently Asked Questions

What is Occidental Petroleum's consensus rating and price target?: According to the issued ratings of 21 analysts in the last year, the consensus rating for Occidental Petroleum stock is Hold based on the current 2 sell ratings, 10 hold ratings, 8 buy ratings and 1 strong buy rating for OXY. The average twelve-month price prediction for Occidental Petroleum is $72.39 with a high price target of $85.00 and a low price target of $60.00. Learn more on OXY's analyst rating history.
Do Wall Street analysts like Occidental Petroleum more than its competitors?: 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 Buy. Learn more on how OXY compares to other companies.
Is Occidental Petroleum being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Occidental Petroleum's stock had 1 upgrade and 1 downgrade by analysts.

Does Occidental Petroleum's stock price have much upside?: According to analysts, Occidental Petroleum's stock has a predicted upside of 16.11% based on their 12-month price targets.
What analysts cover Occidental Petroleum?: Occidental Petroleum has been rated by Barclays, Citigroup, Evercore ISI, Mizuho, Morgan Stanley, Piper Sandler, Raymond James, Roth Capital, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:OXY) was last updated on 5/18/2023 by MarketBeat.com Staff

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