Goldman Sachs analyst Neil Mehta downgrades $Occidental Petroleum (OXY.US)$ to a hold rating, and adjusts the target price from $66 to $55.
According to TipRanks data, the analyst has a success rate of 60.2% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Occidental Petroleum (OXY.US)$'s main analysts recently are as follows:
Following the completion of the CrownRock acquisition, it is anticipated that Occidental Petroleum's leverage may continue to be higher compared to its industry counterparts, especially considering the recent issuance of $9.7 billion in gross debt to facilitate the transaction.
The outlook on Occidental Petroleum acknowledges the potential for energy commodities and equities to face challenges due to fundamental issues and an anticipated imbalance by 2025. Despite this, it's suggested not to counteract the current easing measures by central banks and political entities, with expectations that crude oil market risks lean more towards positive outcomes. With the quarter's end approaching, there is an anticipation of updates that may indicate a decrease in near-term estimates.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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高盛集團分析師Neil Mehta下調$西方石油 (OXY.US)$至持有評級，並將目標價從66美元下調至55美元。
根據TipRanks數據顯示，該分析師近一年總勝率為60.2%，總平均回報率為10.0%。
此外，綜合報道，$西方石油 (OXY.US)$近期主要分析師觀點如下：
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