On May 9, 2025, JP Morgan analyst John Royall maintained his Neutral rating for Occidental Petroleum (OXY, Financial). Concurrently, Royall adjusted the company’s price target, lowering it from a previous $52.00 to a new target of $47.00. This adjustment represents a 9.62% decrease in the projected price target for OXY.
The updated target reflects the analyst’s current valuation of Occidental Petroleum, with the stock’s new expected price in USD now set at $47. This latest development is crucial for investors tracking the performance and projections for OXY, as maintained ratings and revised price targets can significantly influence investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Occidental Petroleum Corp (OXY, Financial) is $48.22 with a high estimate of $63.11 and a low estimate of $38.00. The average target implies an
upside of 14.38%
from the current price of $42.16. More detailed estimate data can be found on the Occidental Petroleum Corp (OXY) Forecast page.
Based on the consensus recommendation from 26 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 $54.05, suggesting a
upside
of 28.2% from the current price of $42.16. 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.