uploads///OXY Q Pre Analysts

Occidental Petroleum: Pre-Earnings Wall Street Ratings for 4Q17

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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.

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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.

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