Analysts rate Occidental Petroleum Corporation (OXY:NYE) with a Buy rating and a $76 target

STA Research
by: STA Research
Occidental Petroleum Corporation

Analysts rate Occidental Petroleum Corporation (OXY:NYE) with a consensus Buy rating and an average OXY stock price target of $76.26 per share over the next 12 months.

Based on the Occidental Petroleum Corporation stock forecasts from 18 analysts, the average analyst OXY stock price target is USD 76.26 over the next 12 months. Occidental Petroleum Corporation’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of OXY stock forecast is Slightly Bearish, which is based on 4 positive signals and 7 negative signals. At the last closing, Occidental Petroleum stock price was USD 65.61Occidental Petroleum stock price has changed by -3.16% over the past week, +2.75% over the past month and +162.65% over the last year.

About Occidental Petroleum Corporation (OXY:NYE):

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company’s Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

 

Most Recent Analysts ratings for OXY’s stock price:

 

 

What we like:

High market capitalization:

Occidental Petroleum stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow:

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth:

Occidental Petroleum stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The average income yield of Occidental Petroleum stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value:

OXY stock price is trading high compared to its peers median on a price to book value basis.

Poor capital utilization:

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets:

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged:

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the OXY stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Dividend Growth:

Occidental Petroleum stock has shown below median dividend growth in the previous 5 years compared to its sector.

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