Occidental Petroleum Stock Target Price and Analyst Consensus

OXY
 Stock
  

USD 70.28  0.84  1.18%   

The current analyst and expert consensus on Occidental Petroleum is Hold with 7 hold recommendations. The current projected Occidental Petroleum target price consensus is 39.35 with 17 analyst opinions. One of the most common ways Occidental Petroleum Corp analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Occidental Petroleum vendors, executives, and/or customers. Occidental Petroleum recommendation module provides expert sentiment on the projected Occidental Petroleum Corp target price to derive its highest and lowest estimates based on target price standard deviation of 9.512. Please check Macroaxis Advice on Occidental Petroleum to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
Gross Profit is likely to rise to about 6 B in 2022. Profit Margin is likely to rise to 9.52 in 2022. Occidental Petroleum Total Liabilities is fairly stable at the moment as compared to the past year. Occidental Petroleum reported Total Liabilities of 54.71 Billion in 2021. Liabilities Non Current is likely to rise to about 74.8 B in 2022, whereas Inventories is likely to drop slightly above 1.5 B in 2022.

Occidental Petroleum Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Occidental target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Occidental target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions16
Lowered Outlook0
Raized Outlook0
Hold
Most Occidental analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Occidental stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Occidental Petroleum Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Occidental Petroleum Target Price Projection

Occidental Petroleum's current and average target prices are 70.28 and 39.35, respectively. The current price of Occidental Petroleum is the price at which Occidental Petroleum Corp is currently trading. On the other hand, Occidental Petroleum's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Occidental Petroleum Market Quote on 27th of November 2022

Low Price70.14Odds
High Price71.28Odds

70.28

Target Price

Analyst Consensus On Occidental Petroleum Target Price

Low Estimate20.0Odds
High Estimate55.0Odds
Number of Analysts17
Standard Deviation9.512

39.352

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Occidental Petroleum Corp and the information provided on this page.

Occidental Petroleum Analyst Ratings

Occidental Petroleum's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Occidental Petroleum stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Occidental Petroleum's financials, market performance, and future outlook by experienced professionals. Occidental Petroleum's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Occidental Petroleum Target Price Projections

Occidental Petroleum's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Occidental Petroleum Corp and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Occidental depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Occidental Petroleum Corp including analysis of its current option contracts.
Occidental Petroleum's latest option contracts expiring on 2022-12-02 are carrying combined implied volatility of 44.61 with a put-to-call open interest ratio of 0.0 over 78 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2022-12-02. The current put volume is at 5517, with calls trading at the volume of 5898. This yields a 0.94 put-to-call volume ratio. The Occidental Petroleum option chain provides detailed quote and price information for the current Occidental Petroleum Corp option contracts. It shows all of Occidental Petroleum's listed puts, calls, expiration dates, strike prices, and other pricing information.
The chart above shows Occidental Petroleum's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Occidental Petroleum's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Occidental Petroleum's option, there is no secondary market available for investors to trade.

Occidental Petroleum Maximum Pain Price across 2022-12-02 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Occidental Petroleum close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Occidental Petroleum's stock options are financial instruments that give investors the right to buy or sell shares of Occidental Petroleum Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Occidental stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Occidental Petroleum's stock price goes up or down, the stock options follow.
Please check Macroaxis Advice on Occidental Petroleum to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Occidental Petroleum Corp In The Money Call Balance

When Occidental Petroleum's strike price is surpassing the current stock price, the option contract against Occidental Petroleum Corp stock is said to be in the money. When it comes to buying Occidental Petroleum's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Occidental Petroleum Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Occidental Current Options Market Mood

Occidental Petroleum's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Occidental Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Volume

Most options investors, including buyers and sellers of Occidental Petroleum's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Occidental Petroleum's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Occidental Petroleum's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Occidental Petroleum Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Occidental Petroleum is a key component of Occidental Petroleum valuation and have some predictive power on the future returns of a Occidental Petroleum.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Occidental Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Occidental Petroleum in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
68.4671.2774.08
Details
Intrinsic
Valuation
LowReal ValueHigh
51.4054.2178.23
Details
Naive
Forecast
LowNext ValueHigh
68.0270.8373.65
Details
Earnings
Estimates (8)
LowProjected EPSHigh
1.982.182.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Occidental Petroleum. Your research has to be compared to or analyzed against Occidental Petroleum's peers to derive any actionable benefits. When done correctly, Occidental Petroleum's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Occidental Petroleum Corp.

Additional Occidental Petroleum Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Occidental Petroleum is a key component of Occidental Petroleum valuation and have some predictive power on the future returns of a Occidental Petroleum.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Occidental Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Occidental Petroleum in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
68.4671.2774.08
Details
Intrinsic
Valuation
LowReal ValueHigh
51.4054.2178.23
Details
Naive
Forecast
LowNext ValueHigh
68.0270.8373.65
Details
Earnings
Estimates (8)
LowProjected EPSHigh
1.982.182.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Occidental Petroleum. Your research has to be compared to or analyzed against Occidental Petroleum's peers to derive any actionable benefits. When done correctly, Occidental Petroleum's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Occidental Petroleum Corp.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Investor Favorites
Invested over 90 shares
Macroaxis Index
Invested over 90 shares
Baby Boomer Prospects
Invested over 90 shares
Please check Macroaxis Advice on Occidental Petroleum to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Occidental Petroleum Corp price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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The data published in Occidental Petroleum's official financial statements usually reflect Occidental Petroleum's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Occidental Petroleum Corp. For example, before you start analyzing numbers published by Occidental accountants, it's critical to develop an understanding of what Occidental Petroleum's liquidity, profitability, and earnings quality are in the context of the Energy space in which it operates.
Please note, the presentation of Occidental Petroleum's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Occidental Petroleum's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Occidental Petroleum's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Occidental Petroleum Corp. Please utilize our Beneish M Score to check the likelihood of Occidental Petroleum's management to manipulate its earnings.