Analyst Ratings for Occidental Petroleum
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) has received 7 analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 4 indifferent. There were no bearish or somewhat bearish ratings. The average price target is $72.57, suggesting an upside from the current price of $60.3. This target has increased by 0.23% over the past month. Analysts typically review stocks each quarter and provide ratings that reflect their outlook on stock performance.
November 29, 2023 | 4:00 pm
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POSITIVE IMPACT
Occidental Petroleum has a majority of neutral to positive ratings from analysts, with an average price target of $72.57, which is higher than its current price, indicating potential growth.
The positive analyst ratings and the higher average price target compared to the current stock price suggest that analysts expect the stock to perform well in the short term. The lack of bearish sentiment reinforces this outlook, although the presence of several neutral ratings indicates that there may be some uncertainty or that the stock is fairly valued at its current price. The slight increase in the price target over the past month shows a modestly growing optimism.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100