Stephens has revised its outlook for Occidental Petroleum (OXY, Financial), reducing the price target from $60 to $58. Despite this adjustment, the firm maintains an Overweight rating on the company’s shares.
In a preview of Occidental’s first-quarter performance, Stephens highlights that its cash flow per share is anticipated to reach $2.91, while the expected EBITDA stands at $3.8 billion. These figures surpass the Street consensus by 2% and 8%, respectively, indicating a robust financial outlook for the company despite the lowered price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Occidental Petroleum Corp (OXY, Financial) is $53.88 with a high estimate of $64.00 and a low estimate of $40.00. The average target implies an
upside of 42.16%
from the current price of $37.90. More detailed estimate data can be found on the Occidental Petroleum Corp (OXY) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Occidental Petroleum Corp’s (OXY, Financial) average brokerage recommendation is currently 2.8, indicating “Hold” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Occidental Petroleum Corp (OXY, Financial) in one year is $56.08, suggesting a
upside
of 47.97% from the current price of $37.9. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the Occidental Petroleum Corp (OXY) Summary page.