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What’s Analysts’ Median Target Price for Occidental Petroleum?

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Analysts’ recommendations for Occidental Petroleum

On June 22, Reuters reported that 25 analysts had given recommendations on Occidental Petroleum (OXY) stock. Of these, ~24% of analysts gave it “strong buy” recommendations, and ~36% gave it “buy” recommendations, while the remaining ~40% gave it “hold” recommendations. 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 $93.00, ~12% higher than its June 22 closing price of $83.33.

In the last three months, Occidental Petroleum stock’s median target price has risen from $76.00 to $93.00. The highest target price for OXY is $135.00, and the lowest target price for the stock is $67.00.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, other oil and gas companies Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of ~12% and ~6%, respectively, from their June 22 closing prices. CNX Resources (CNX) has a potential upside of ~15%. SWN and CNX are primarily natural gas producers.

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