Analyst Ratings for Occidental Petroleum Corp. (OXY)

Updated: 2017-07-28

An average rating of Hold has been given to Occidental Petroleum Corp. (NYSE:OXY) by analysts covering the stock. About 30 days ago, OXY was issued an average rating of Hold.

24 analysts issued ratings on the stock, where 6 gave OXY a buy rating, 2 gave an overweight rating, 14 gave a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for OXY. The most optimistic price target was 81, which equates to a potential upside of 29.12 percent. The most pessimistic price target was 35, implying a possible loss of -44.21 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates downwards for this quarter, by about -40.62 percent on average, compared to last month. That number becomes -40.62 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -31.97 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -36.07 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 8 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 10 analysts that revised their FY estimates downwards.

OXY has a 52-week high of 78.48 and a 52-week low of 57.20. The current market price is above the trailing year's low by 9.67 percent, and below the high by 20.07 percent. OXY has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The OXY value stock report compares OXY to some of its peers using value stock charts. The stock has a market capitalization of $47.51 billion. OXY will post this quarters earnings in days, on 0000-00-00.