Barclays analyst Betty Jiang maintains $Occidental Petroleum (OXY.US)$ with a hold rating, and adjusts the target price from $67 to $58.
According to TipRanks data, the analyst has a success rate of 43.2% and a total average return of -1.8% 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 within the integrated oil and exploration and production sector were revised to account for a decrease in oil price forecasts, affecting future projections. Despite a recent downturn in the sector, the potential benefits outweigh the risks, given that company fundamentals and operational momentum are reported to be robust.
The medium- to longer-term leverage of Occidental Petroleum is likely to stay higher compared to its peers, given the company's issuance of $9.7B in gross debt due to the recently finalized CrownRock acquisition.
The outlook for Occidental Petroleum is cautious, with the anticipation that energy commodities and related equities might not participate in the upward trend due to difficult fundamentals and an expected imbalance by 2025. Nevertheless, it is acknowledged that there is a potential for crude oil market risks to lean towards the positive side. With the quarter's end approaching, there is a preparation for updates that could reveal a decline in the near-term estimates.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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巴克萊銀行分析師Betty Jiang維持$西方石油 (OXY.US)$持有評級，並將目標價從67美元下調至58美元。
根據TipRanks數據顯示，該分析師近一年總勝率為43.2%，總平均回報率為-1.8%。
此外，綜合報道，$西方石油 (OXY.US)$近期主要分析師觀點如下：
綜合石油、勘探和生產板塊的預測已經修訂，以反映對石油價格預測下調的影響，影響未來的預測。儘管該板塊最近出現下滑，但潛在收益超過風險，因爲公司基本面和運營勢頭據稱強勁。
西方石油的中長期槓桿比率可能會比同行更高，這是因爲該公司由於最近完成的CrownRock收購而發行了97億美元的債務。
對西方石油的前景持謹慎態度，預計能源商品和相關股票可能不會因2025年之前的困難基本面和預期的不平衡走勢而參與上升趨勢。然而，人們認識到原油市場風險可能有朝積極方向傾斜。隨着季末臨近，準備更新，可能會透露近期預測下降。
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