Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Occidental Petroleum Corporation (OXY) has a Wall Street consensus price target of $52.00, based on estimates from 52 covering analysts. With the stock currently trading at $53.08, this represents a potential downside of -2.0%. The company has a market capitalization of $52.29B.
Analyst price targets range from a low of $38.00 to a high of $67.00, representing a 56% spread in expectations. The median target of $51.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 23 analysts rating the stock as a Buy or Strong Buy,23 rating it Hold, and 6 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, OXY trades at a trailing P/E of 33.0x and forward P/E of 43.8x. Analysts expect EPS to grow -47.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $62.27, with bear and bull scenarios of $-30.18 and $305.88 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
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Start ComparisonWall Street's consensus price target for OXY is $52, -2.0% from its current price of $53.08. The below-market target from 52 analysts suggests limited near-term appreciation.
OXY has a consensus rating of "Buy" based on 52 Wall Street analysts. The rating breakdown is mixed, with 23 Hold ratings making up the largest segment. The consensus 12-month price target of $52 implies -2.0% downside from current levels.
At a forward P/E of 43.7701x, OXY trades at a premium valuation. The consensus price target of $52 (-2.0% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $67 for OXY, while the most conservative target is $38. The consensus of $52 represents the median expectation. Our quantitative valuation model projects a bull case target of $306 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
OXY is heavily covered by Wall Street, with 52 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 23 have Buy ratings, 23 recommend Hold, and 6 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month OXY stock forecast based on 52 Wall Street analysts shows a consensus price target of $52, with estimates ranging from $38 (bear case) to $67 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $62, with bear/bull scenarios of $-30/$306.
Our quantitative valuation model calculates OXY's fair value at $62 (base case), with a bear case of $-30 and bull case of $306. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
OXY trades at a forward P/E ratio of 43.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 33.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on OXY, with 6 Sell ratings and a price target of $52 (-2.0% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
OXY analyst price targets range from $38 to $67, a 56% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $52 consensus represents the middle ground. Our model's $-30-$306 range provides an independent fundamental perspective.