Barclays analyst Betty Jiang maintains $Occidental Petroleum (OXY.US)$ with a hold rating, and maintains the target price at $58.
According to TipRanks data, the analyst has a success rate of 40.8% and a total average return of -1.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Occidental Petroleum (OXY.US)$'s main analysts recently are as follows:
Estimates for the integrated oil and exploration and production group have been adjusted to account for lowered oil price forecasts, impacting projections for 2025 and 2026. Despite the recent sector pullback, there is a potential upside for stocks as company fundamentals and operational momentum are considered to be robust.
The reinstatement of coverage on Occidental Petroleum comes after the company's acquisition of CrownRock. The expectation is that Occidental's leverage may stay higher in comparison to its peers in the medium to longer term due to the issuance of substantial gross debt linked to the CrownRock deal completion.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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