In notable analyst action, Wells Fargo’s Roger Read has revised the price target for Occidental Petroleum (OXY, Financial) upwards. The new price target has been set at $47.00 USD, a substantial increase from the prior target of $42.00 USD. This adjustment reflects an 11.90% rise in expectations for the stock’s future performance.
Despite the increase in price target, Wells Fargo has maintained its “Equal-Weight” rating for Occidental Petroleum. This suggests that while the potential for price appreciation has improved, the overall investment outlook for (OXY, Financial) remains stable as per the analyst’s evaluation.
Occidental Petroleum (OXY, Financial) continues to be monitored closely by market participants, with this updated target likely to influence both investor sentiment and stock performance in the upcoming sessions. The announcement was made on June 26, 2025, highlighting a shift in Wells Fargo’s valuation outlook for the company.
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 $49.00 with a high estimate of $67.00 and a low estimate of $38.00. The average target implies an
upside of 14.69%
from the current price of $42.73. 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 2.7, 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 $52.50, suggesting a
upside
of 22.88% from the current price of $42.725. 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.