Analysts’ recommendations for Occidental Petroleum
As of February 6, 2018, Reuters reported 24 analysts tracking Occidental Petroleum (OXY). Of these, 12% of these analysts gave “strong buy” recommendations, ~17% of these analysts gave “buy” recommendations, and ~71% of these analysts gave “hold” recommendations on OXY. There were no “sell” or “strong sell” recommendations on the stock.
OXY’s median target price
The median target price on Occidental Petroleum stock is $78.50, which is ~10% higher than its February 6, 2018, closing price of $71.11. In the last three months, Occidental Petroleum’s median target price has increased from $66.50 to $78.50.
Other oil and gas producers
Based on the median price targets from Wall Street analysts, oil and gas companies Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of ~30% and ~84%, respectively, from their February 6 closing prices. Range Resources (RRC) has a potential upside of ~74%. SWN and RRC are primarily natural gas producers.