Should You Buy Occidental Petroleum Corp (OXY) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
44.830
1 Day change
0.63%
52 Week Range
52.580
Analysis Updated At
2026/01/26
Occidental Petroleum Corp (OXY) is not a strong buy at the moment for a beginner investor with a long-term focus. The stock lacks clear positive momentum, faces downward pressure on financial performance, and has mixed analyst sentiment. While there are no immediate red flags, the current setup suggests holding off on investment until stronger catalysts or improved financial trends emerge.
Technical Analysis
The technical indicators are neutral to slightly positive. The MACD is above zero and expanding positively, suggesting mild bullish momentum. The RSI is in the neutral zone at 64.325, and moving averages are converging, indicating no clear directional trend. The stock is trading near its resistance level of 44.625, with support at 42.289.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Technical Summary
Sell
3
Buy
10
Positive Catalysts
The restructuring of contracts with Western Midstream reduces costs and enhances production capacity in the Delaware Basin. Additionally, the company's debt reduction efforts post-OxyChem divestiture are positive for long-term financial health.
Neutral/Negative Catalysts
The company's Q3 2025 financials showed significant declines in revenue (-7.65% YoY), net income (-31.49% YoY), and EPS (-33.67% YoY). Analysts have been lowering price targets, and the upcoming Q4 earnings are expected to fall below consensus estimates, indicating profitability pressures. The stock also has a 40% chance of declining by -4.46% in the next week based on historical patterns.
Financial Performance
Occidental's Q3 2025 financials reflect declining performance, with revenue at $6.62B (-7.65% YoY), net income at $657M (-31.49% YoY), and EPS at $0.65 (-33.67% YoY). Gross margin also dropped to 32.62 (-14.72% YoY), highlighting challenges in maintaining profitability.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Analyst sentiment is mixed to negative. Recent ratings include several price target reductions, with most analysts maintaining Neutral or Underweight ratings. The consensus price target is around $44-$50, close to the current price, suggesting limited upside potential in the near term.
Wall Street analysts forecast OXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OXY is 47.27 USD with a low forecast of 38 USD and a high forecast of 64 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.
16 Analyst Rating
Wall Street analysts forecast OXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OXY is 47.27 USD with a low forecast of 38 USD and a high forecast of 64 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.
4 Buy
9 Hold
3 Sell
Hold
Current: 44.550
Low
38
Averages
47.27
High
64
Current: 44.550
Low
38
Averages
47.27
High
64
Piper Sandler
Mark Lear
Neutral
maintain
$46 -> $47
AI Analysis
2026-01-28
New
Reason
Piper Sandler
Mark Lear
Price Target
$46 -> $47
AI Analysis
2026-01-28
New
maintain
Neutral
Reason
Piper Sandler analyst Mark Lear raised the firm's price target on Occidental to $47 from $46 and keeps a Neutral rating on the shares. Discussing the space, the firm says that for Q4, it anticipates strong prints from the gas equities, while WAHA pricing and weak oil and NGL prices were a headwind for oil names. Heading into FY26, the expectations are broadly for maintenance programs across Piper's oil coverage, while a number of gas producers are pushing for growth in response to increased LNG demand.
BofA
Neutral
maintain
$44 -> $45
2026-01-27
New
Reason
BofA
Price Target
$44 -> $45
2026-01-27
New
maintain
Neutral
Reason
BofA raised the firm's price target on Occidental to $45 from $44 and keeps a Neutral rating on the shares. The firm updates its price targets for Integrateds, Refining, and Midstream stocks under its coverage, the analyst tells investors. BofA notes the removal of Maduro in Venezuela and the unrest in Iran have lifted front month crude prices. The firm sees a blend of geopolitical and company specific catalysts ahead.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for OXY
