OXY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
OXY's stock price closed at $47.24 on March 7, 2025, with a 14-day RSI of 45.16, indicating a neutral position. The MACD is slightly bearish, but the price is near the Fibonacci pivot point of $47.57, with resistance at $49.75 and support at $45.40.
News Impact:
Recent news indicates oil prices have dropped to six-month lows, pressuring energy stocks. OXY's price target was cut to $50 by Piper Sandler, reflecting lower confidence. However, OXY's warrant exercise offer could generate $1.6 billion, supporting their balance sheet.
Price Prediction:
Given the technical indicators and news, OXY is expected to trade between $45.40 and $49.75. The next trading week's price is predicted to be around $46.50.
Recommendation:
Buy if the stock stabilizes above $45.40, as it may rebound towards $48.80.
OXY Similar Chart Price Prediction
The price of OXY is predicted to go up 3.69%, based on the high correlation periods with PFG. The similarity of these two price pattern on the periods is 92.86%.
OXY
PFG
Up: 3.69%Similarity: 92.86%
OXY Revenue Forecast
OXY EPS Forecast
OXY FAQs
What is OXY revenue forecast for next quarter？
What is OXY eps forecast for next quarter？
OXY VS S&P500
Oxy has a dominant position in the Permian Basin, which is the cheapest source of production in the US and is expected to be a major growth engine in the next few years.
Oxy's conventional assets in the Gulf of Mexico and the Middle East complement its shale operations nicely by generating stable cash flows from assets with a much lower base decline rate.
The Oxy Low Carbon Ventures segment is synergistic with Oxy's chemical business, and Oxy's enhanced oil recovery portfolio holdings and expertise give it a natural advantage in carbon capture.
OXY Analyst's Forecast
John Freeman
Raymond James
Strong Buy → Buy
2025-03-10
Price Target
$81 → $64
Upside
+35.14%
Raymond James downgraded Occidental Petroleum to Outperform from Strong Buy with a price target of $64, down from $81. The firm updated the company's estimates to reflect the Q4 report and big drop in oil prices. Occidental's relative share outperformance over the past month and near-term uncertainty on oil prices has the firm taking a slightly more cautious near-term stance on the stock. It cites the significantly weaker oil strip for the target cut.
Mark Lear
Piper Sandler
Hold
2025-03-06
Price Target
$51 → $50
Upside
+9.39%
Neil Mehta
Goldman Sachs
Hold → Strong Sell
2025-01-31
Price Target
$54 → $45
Downside
-3.54%
