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What Analysts Recommend for Occidental Petroleum

Nicholas Chapman - Author

Oct. 30 2017, Updated 10:33 a.m. ET

Analyst recommendations for Occidental Petroleum

As of October 26, 2017, around 27.3% of analysts covering Occidental Petroleum (OXY) have “strong buy” or “buy” recommendations on the stock. As of October 26, 2017, 22 analysts were covering OXY. Of these, three analysts have “strong buy” recommendations, three analysts have “buy” recommendations, while 14 analysts have “hold” recommendations on OXY. There is one “sell” and one “strong sell” recommendation on the stock.

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OXY’s median target price

The median target price on Occidental Petroleum stock is $65, which is ~1% higher than its October 26, 2017, closing price of $64.62.

Analyst recommendation changes on OXY

In the last three months, all the ratings on OXY’s stock from Wall Street analysts have remained unchanged. In the last three months, Occidental Petroleum’s median target price has fallen from $66.50 to $65.00. The most recent target price changes on OXY stock was on October 19, 2017. Jefferies raised its target price on OXY to $62.00.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, other oil and gas companies like Energen (EGN) and Southwestern Energy (SWN) have potential upsides of ~30% and ~62%, respectively, from their October 26 closing prices. Range Resources (RRC) has a potential upside of ~66%. SWN and RRC are primarily natural gas (BOIL) producers and operate in the Appalachia region.


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