Zacks Rating on Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : 16 analysts are covering Occidental Petroleum Corporation (OXY) and their average rating on the stock is 2.44, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Occidental Petroleum Corporation (OXY) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Occidental Petroleum Corporation (OXY) : Average target price received by Occidental Petroleum Corporation (OXY) is $78.79 with an expected standard deviation of $7.99. The most aggressive target on the stock is $91, whereas the most downbeat target is $64. 14 financial analysts are currently covering the stock.


Shares of Occidental Petroleum Corporation rose by 1.16% in the last five trading days and 3.19% for the last 4 weeks. Occidental Petroleum Corporation is up 2.01% in the last 3-month period. Year-to-Date the stock performance stands at 16.08%. Occidental Petroleum Corporation (NYSE:OXY): stock turned positive on Tuesday. Though the stock opened at $76.37, the bulls momentum made the stock top out at $77.07 level for the day. The stock recorded a low of $76.37 and closed the trading day at $76.89, in the green by 0.69%. The total traded volume for the day was 2,432,918. The stock had closed at $76.36 in the previous days trading.

Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.

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