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Occidental Petroleum: Analysts’ Ratings after 4Q17

Nicholas Chapman - Author
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Nov. 20 2020, Updated 4:22 p.m. ET

Analysts’ recommendations

As of February 14, 2018, Reuters reported that 24 analysts gave recommendations on Occidental Petroleum (OXY). Of the analysts, 12.50% gave a “strong buy,” 16.7% gave a “buy,” and ~70.8% gave a “hold” recommendation for Occidental Petroleum. There weren’t any “sell” or “strong sell” recommendations on the stock.

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Median target price

The median target price on Occidental Petroleum stock is $78.50, which is ~12% higher than its closing price of $69.85 on February 14, 2018. In the past month, the median target price for Occidental Petroleum stock increased from $71.00 to $78.50.

Other oil and gas producers

Based on the median target prices from Wall Street analysts, ConocoPhillips (COP) and Devon Energy (DVN) have potential upsides of ~20% and ~41%, respectively, from their closing prices on February 14. Murphy Oil (MUR) has a potential upside of ~27%.

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