Occidental Petroleum Corp. (OXY) Stock Forecast & Predictions

Occidental Petroleum Corp. OXY: $24.1

5 Greenway Plz Ste 110, Houston, Texas, US. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.oxy.com/

  • Market Cap$22.82B
  • Change (52 Weeks)88.24%
  • Low (52 Weeks)$8.51
  • Occidental Petroleum Corp. (OXY) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Occidental Petroleum Corp. (OXY) stock price is $24.1 and the 52 weeks low is $8.51, which means the Occidental Petroleum Corp. stock price is up 88.24% in the last 12 months.

    Occidental Petroleum Corp. (OXY) Stock Price has been Trending Strongly with an ADX reading of 37.11 as per the Weekly Chart.

    A Upward trend indicates that Occidental Petroleum Corp. (OXY) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that OXY Stock price might rise further, 25.00% indicating that OXY Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall OXY stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Occidental Petroleum Corp. (OXY) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Occidental Petroleum Corp. (OXY) is based on 31 Institutional Analyst Ratings where 19.35% are on Strong Buy, 9.68% on Moderate Buy, 58.06% remains on Hold, 0.00% are on Moderate Sell and 12.90% are on Strong Sell.

    Out of 31 Institutional Analysts, majority recommended OXY stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Occidental Petroleum Corp..

    Occidental Petroleum Corp. (OXY) Stock Price Prediction By Analysts


    HighLowAverage
    $43.05$20.20$30.20
    $30.2025.31% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for OXY set by the institutional analysts is $30.20 where High Estimate is $43.05, Median $29.580000000000002 and Low $20.20.

    The average price target for OXY by Institutional Analysts is $30.20, which is 25.31% Upside from the current price. So according to the Institutional Analysts, OXY Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Occidental Petroleum Corp. (OXY) Stock Forecast Based on News Sentiment


    Bearish
    Based on 8 articles published Last Week, where 0.00% are Bullish and 100.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked negatively about OXY, it shows that Occidental Petroleum Corp. had a 100.00% negative news coverage.

    Negative news coverage usually affects short-term price of a stock, so this negative coverage provides an indication that OXY stock price may go down in the next few weeks.

    Occidental Petroleum Corp. (OXY) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyEqual-WeightMaintained
    ScotiabankSector PerformDowngraded
    MKM PartnersBuyUpgraded
    Wolfe ResearchUnderperformDowngraded
    Wolfe ResearchPeer PerformUpgraded
    Morgan StanleyEqual-WeightMaintained
    MizuhoBuyUpgraded
    Wells FargoEqual-WeightUpgraded
    Morgan StanleyEqual-WeightMaintained
    MKM PartnersNeutralDowngraded
    UBSSellDowngraded
    SusquehannaPositiveUpgraded
    Morgan StanleyEqual-WeightMaintained
    JP MorganUnderweightDowngraded
    Truist SecuritiesHoldDowngraded
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesBuyMaintained
    ScotiaBankSector OutperformUpgraded
    MKM PartnersBuyUpgraded
    Morgan StanleyEqual-WeightUpgraded
    JP MorganNeutralUpgraded
    MKM PartnersNeutralMaintained
    Piper SandlerNeutralMaintained
    BarclaysEqual-WeightMaintained
    ScotiaBankSector PerformMaintained
    SunTrust Robinson HumphreyBuyUpgraded
    MKM PartnersNeutralInitiated
    B of A SecuritiesBuyUpgraded
    ScotiaBankSector PerformDowngraded
    SunTrust Robinson HumphreyHoldUpgraded
    B of A SecuritiesNeutralReiterated
    Tudor PickeringSellDowngraded
    B of A SecuritiesNeutralMaintained
    MizuhoNeutralDowngraded
    UBSNeutralMaintained
    Wells FargoUnderweightDowngraded
    SusquehannaNeutralDowngraded
    Morgan StanleyUnderweightDowngraded
    JefferiesUnderperformDowngraded
    Credit SuisseUnderperformDowngraded
    Wells FargoEqual-WeightMaintained
    JP MorganUnderweightMaintained
    SunTrust Robinson HumphreySellDowngraded
    B of A SecuritiesNeutralDowngraded
    JP MorganUnderweightMaintained
    UBSNeutralMaintained
    Wells FargoEqual-WeightMaintained
    Morgan StanleyOverweightUpgraded
    MizuhoBuyUpgraded
    Tudor PickeringHoldUpgraded
    UBSNeutralMaintained
    Raymond JamesStrong BuyMaintained
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldInitiated
    SusquehannaPositiveInitiated
    Wells FargoMarket PerformMaintained
    BarclaysEqual-WeightInitiated
    JP MorganUnderweightDowngraded
    Evercore ISI GroupIn-LineDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightDowngraded
    Argus ResearchHoldDowngraded
    JefferiesHoldDowngraded
    Atlantic EquitiesNeutralDowngraded
    MizuhoNeutralDowngraded
    KeyBancOverweightMaintained
    OppenheimerPerformInitiated
    CitigroupNeutralDowngraded
    BarclaysUnderweightDowngraded
    KeyBancOverweightInitiated
    Morgan StanleyOverweightMaintained
    CitigroupBuyMaintained
    Evercore ISI GroupOutperformUpgraded
    Morgan StanleyOverweightMaintained
    Raymond JamesStrong BuyUpgraded
    Morgan StanleyOverweightMaintained
    Edward JonesBuyUpgraded
    Bank of AmericaBuyMaintained
    JP MorganNeutralMaintained
    Morgan StanleyOverweightInitiated
    JefferiesBuyUpgraded
    MizuhoBuyInitiated
    ScotiabankOutperformUpgraded
    Bank of AmericaBuyUpgraded
    Credit SuisseNeutralMaintained
    PiperJaffrayOverweightUpgraded
    JP MorganNeutralMaintained
    Deutsche BankBuyUpgraded
    UBSNeutralInitiated
    JP MorganNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralUpgraded
    Bank of AmericaNeutralDowngraded
    Credit SuisseNeutralInitiated
    BarclaysUnderweightMaintained
    Goldman SachsBuyUpgraded
    JefferiesHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    CitigroupSellDowngraded
    JP MorganNeutralUpgraded
    Bank of AmericaBuyUpgraded
    Credit SuisseOutperformUpgraded
    MizuhoNeutralDowngraded
    BMO CapitalMarket PerformDowngraded
    Bank of AmericaNeutralDowngraded
    Goldman SachsNeutralUpgraded
    Mizuho SecuritiesBuyInitiated
    JP MorganUnderweightDowngraded
    Deutsche BankHoldDowngraded
    UBSNeutralMaintained
    BarclaysUnderweightMaintained
    Raymond JamesOutperformDowngraded
    Morgan StanleyEqual-WeightDowngraded
    JP MorganNeutralDowngraded
    BarclaysUnderweightMaintained
    GMP SecuritiesBuyInitiated
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    JefferiesHoldDowngraded
    Deutsche BankBuyMaintained
    iBERIA Capital PartnersSector PerformDowngraded
    JP MorganOverweightMaintained
    Wolfe ResearchOutperformUpgraded
    BMO CapitalOutperformInitiated
    CitigroupNeutralMaintained
    Credit SuisseNeutralMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    Argus ResearchBuyMaintained
    ArgusBuyMaintained
    Deutsche BankBuyUpgraded
    JP MorganOverweightInitiated
    CitigroupNeutralDowngraded
    Argus ResearchBuyMaintained
    ArgusBuyMaintained
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    Sterne AgeeBuyUpgraded
    JefferiesBuyMaintained
    Bank of AmericaBuyMaintained
    Raymond JamesStrong BuyUpgraded
    Credit SuisseNeutralMaintained
    BarclaysUnderweightDowngraded
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseNeutralDowngraded
    BarclaysEqual-WeightMaintained
    BarclaysEqual-weightDowngraded
    Simmons & Co.NeutralDowngraded
    Morgan StanleyOverweightUpgraded
    BarclaysOverweightMaintained
    Deutsche BankHoldMaintained
    UBSNeutralMaintained
    JefferiesBuyInitiated
    Deutsche BankHoldInitiated
    BarclaysOverweightMaintained
    CitigroupBuyUpgraded
    Seaport GlobalNeutralInitiated
    BarclaysOverweightMaintained
    UBSNeutralMaintained
    Scotia Howard WeilSector PerformDowngraded
    iBERIA Capital PartnersOutperformInitiated
    Atlantic EquitiesNeutralInitiated
    BarclaysOverweightUpgraded
    SusquehannaPositiveUpgraded
    Wells FargoOutperformUpgraded
    GuggenheimBuyInitiated
    UBSNeutralDowngraded
    Sterne AgeeNeutralDowngraded
    Standpoint ResearchHoldDowngraded
    Deutsche BankBuyUpgraded
    Raymond JamesOutperformUpgraded
    UBSBuyMaintained
    Dahlman RoseBuyInitiated
    Standpoint ResearchBuyInitiated
    UBSBuyMaintained
    MacquarieNeutralDowngraded
    Credit SuisseOutperformMaintained
    BarclaysEqual-WeightMaintained
    CitigroupNeutralMaintained
    BarclaysEqual-WeightMaintained
    Societe GeneraleBuyUpgraded

    Occidental Petroleum Corp. (OXY) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.346
    The average consensus EPS for OXY is $-0.346 with a high estimate of $0.399 and Low of $-0.853 for the period 2021-06-30 and based on 23 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.84$-0.72523052020-09-30


    The latest average Earning Per Share Estimate for Occidental Petroleum Corp. is $-0.35, which is higher than OXY's last EPS, $-0.84. This means that Analysts are expecting Occidental Petroleum Corp. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Occidental Petroleum Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.84$-0.72523052020-09-30
    $-1.76$-1.69271962020-06-30
    $-0.52$-0.64089552020-03-31
    $-0.3$-0.1883652019-12-31
    $0.11$0.37475042019-09-30
    $0.97$0.94307740000000012019-06-30
    $0.84$0.77541742019-03-31
    $1.22$1.15363212018-12-31
    $1.77$1.55040052018-09-30
    $1.22$1.22421089999999992018-06-30
    $0.92$0.71181772018-03-31
    $0.41$0.41435252017-12-31
    $0.18$0.110231400000000012017-09-30
    $0.15$0.09859622017-06-30
    $0.16$0.06843762017-03-31
    $-0.13$-0.02414912016-12-31
    $-0.15$-0.10952442016-09-30
    $-0.18$-0.181577799999999982016-06-30
    $-0.56$-0.41203962016-03-31
    $-0.17$-0.12361392015-12-31
    $0.03$-0.00751442015-09-30
    $0.21$0.21493812015-06-30
    $0.04$0.03995562015-03-31
    $0.72$0.68410332014-12-31
    $1.58$1.58889162014-09-30
    $1.79$1.77077242014-06-30
    $1.75$1.7195252014-03-31
    $1.72$1.69107332013-12-31
    $1.97$1.91769709999999982013-09-30
    $1.58$1.619032013-06-30
    $1.69$1.55412742013-03-31
    $1.83$1.67523652012-12-31
    $1.7$1.64196712012-09-30
    $1.64$1.62047430000000012012-06-30
    $1.92$1.94046252012-03-31
    $2.02$1.96631852011-12-31
    $2.18$1.96666192011-09-30
    $2.23$2.180592011-06-30
    $1.96$1.82086842011-03-31
    $1.58$1.55778362010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).