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Occidental Petroleum Corp has a consensus price target of $62.1 based on the ratings of 22 analysts. The high is $78 issued by Raymond James on November 21, 2024. The low is $45 issued by Goldman Sachs on January 31, 2025. The 3 most-recent analyst ratings were released by Goldman Sachs, Truist Securities, and Piper Sandler on January 31, 2025, January 13, 2025, and December 19, 2024, respectively. With an average price target of $51.33 between Goldman Sachs, Truist Securities, and Piper Sandler, there's an implied 9.06% 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 Goldman Sachs on January 31, 2025. The analyst firm set a price target for $45.00 expecting OXY to fall to within 12 months (a possible -4.40% downside). 50 analyst firms have reported ratings in the last year.
The latest analyst rating for Occidental Petroleum (NYSE:OXY) was provided by Goldman Sachs, and Occidental Petroleum downgraded their sell 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 January 31, 2025 when Goldman Sachs changed their price target from $54 to $45 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 January 31, 2025 so you should expect the next rating to be made available sometime around January 31, 2026.
While ratings are subjective and will change, the latest Occidental Petroleum (OXY) rating was a downgraded with a price target of $54.00 to $45.00. The current price Occidental Petroleum (OXY) is trading at is $47.07, which is out of the analyst’s predicted range.
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