Neutral Territory For Occidental? JPMorgan Weighs Strong Q1 Against Future Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Source: Benzinga
Earnings Report Overview: JPMorgan analyst Arun Jayaram predicts a neutral market reaction to Occidental Petroleum's earnings, noting that while the company reported better-than-expected adjusted EPS of 87 cents, its revenue fell short of estimates at $6.84 billion.
Production and Guidance Challenges: Occidental aims for production increases in the Gulf of Anadarko but faces challenges due to reduced capital allocation and operational efficiency goals, with second-quarter guidance slightly below JPMorgan's expectations.
Analyst Views on OILT
Wall Street analysts forecast OILT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OILT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.965
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Current: 23.965
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
