Occidental Petroleum Stock Target Price and Analyst Consensus

OXY Stock  USD 63.20  0.55  0.88%   
The current analyst and expert consensus on Occidental Petroleum is Buy with 16 hold recommendations. The current projected Occidental Petroleum target price consensus is 71.25 with 24 analyst opinions. One of the most common ways Occidental Petroleum analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Occidental Petroleum vendors, executives, and/or customers. Occidental Petroleum recommendation module provides expert sentiment on the projected Occidental Petroleum target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Occidental Petroleum to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
Lowest Forecast
64.84
Highest Forecast
79.09
Target Price
71.25
At this time, Occidental Petroleum's Pretax Profit Margin is fairly stable compared to the past year. Net Profit Margin is likely to rise to 0.14 in 2024, whereas Gross Profit is likely to drop slightly above 6.9 B in 2024. At this time, Occidental Petroleum's Other Liabilities is fairly stable compared to the past year. Current Deferred Revenue is likely to rise to about 6.7 B in 2024, whereas Total Assets are likely to drop slightly above 40 B in 2024.
  
It's important to approach Occidental Petroleum's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Occidental Petroleum Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Occidental target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Occidental Petroleum's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   24  Buy
Most Occidental analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Occidental stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Occidental Petroleum, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Occidental Petroleum Target Price Projection

Occidental Petroleum's current and average target prices are 63.20 and 71.25, respectively. The current price of Occidental Petroleum is the price at which Occidental Petroleum is currently trading. On the other hand, Occidental Petroleum's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Occidental Petroleum Market Quote on 19th of March 2024

Low Price62.3Odds
High Price63.43Odds

63.2

Target Price

Analyst Consensus On Occidental Petroleum Target Price

Low Estimate64.84Odds
High Estimate79.09Odds

71.25

Historical Lowest Forecast  64.84 Target Price  71.25 Highest Forecast  79.09
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Occidental Petroleum and the information provided on this page.

Occidental Petroleum Analyst Ratings

Occidental Petroleum's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Occidental Petroleum stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Occidental Petroleum's financials, market performance, and future outlook by experienced professionals. Occidental Petroleum's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Occidental Petroleum price targets

Occidental Petroleum's stock target price is an estimate of its future price, usually made by analysts. Using Occidental Petroleum's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Occidental Petroleum's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Occidental Petroleum's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Occidental Petroleum Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Occidental Petroleum is a key component of Occidental Petroleum valuation and have some predictive power on the future returns of a Occidental Petroleum.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Occidental Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Occidental Petroleum in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
61.9963.1764.35
Details
Intrinsic
Valuation
LowRealHigh
56.8866.3267.50
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.360.590.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Occidental Petroleum. Your research has to be compared to or analyzed against Occidental Petroleum's peers to derive any actionable benefits. When done correctly, Occidental Petroleum's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Occidental Petroleum.

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When determining whether Occidental Petroleum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Occidental Petroleum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Occidental Petroleum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Occidental Petroleum Stock:
Check out Macroaxis Advice on Occidental Petroleum to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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The data published in Occidental Petroleum's official financial statements usually reflect Occidental Petroleum's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Occidental Petroleum. For example, before you start analyzing numbers published by Occidental accountants, it's critical to develop an understanding of what Occidental Petroleum's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Occidental Petroleum's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Occidental Petroleum's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Occidental Petroleum's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Occidental Petroleum. Please utilize our Beneish M Score to check the likelihood of Occidental Petroleum's management manipulating its earnings.