We believe OXY stock has substantial upside potential, both in the short-term and long-term. We suggest investors review our full analysis of Oxy before making any investment decisions.
What Is Occidential Petrol (OXY) Stock?
Occidental Petroleum Corporation is a petroleum corporation. The Company’s current exploration and production activities are principally focused on the United States, the Middle East, and North Africa. Its activities in the United States include Texas, New Mexico, Colorado, and offshore in the Gulf of Mexico. The business is divided into three reporting segments: oil and gas, chemical and midstream, and marketing.
The oil and gas section is responsible for exploring, developing, and producing oil (including condensate), natural gas liquids (NGL), and natural gas. The chemical division (OxyChem) produces and sells basic chemicals and vinyl.
The midstream and marketing section buys, sells, collects, processes, transports, and stores oil (including condensate), natural gas, carbon dioxide (CO2), and electricity. Occidental’s low carbon ventures (OLCV) operations are also included in its midstream and marketing section.
OXY Stock Price
Occidental Petroleum (OXY) is a stock that, although not very interesting, has lots of opportunities to expand. OXY has a price-to-earnings ratio of 19, which is significantly lower than some of its competitors. This suggests that the Company’s earnings have a lot of room to increase in the short and long term, which is excellent news for investors.
Based on the Company’s fundamentals, it appears Occidental Petroleum is positioned for big things in the following years. Production at the firm has increased by 20% over the past two years, and they have clear intentions to maintain doing so. This growth should help to bring down costs and make OXY even more competitive in an already competitive oil market.
OXY Stock Price Target In The Next 5 Years
Occidental Petroleum Corporation (OXY) is an oil and gas multinational with activities in over 50 countries. The business’s ambition is to become the foremost integrated energy company in the world. Occidental has established a target of $275 billion in enterprise value by the end of 2020 to reach this aim. This would place it among the world’s top ten most prominent corporations.
Long-term prospects are favorable due to the Company’s diverse asset base, significant cash flow generation, and ambitious development ambitions. The average price of OXY may increase to about $0.42 by 2025 if more investors are attracted to the idea. The year 2025 might finish with a maximum price of $0.49 and the lowest price of $0.41.
Is Oxy A Good Stock A Good Investment?
According to valuation criteria, Occidental Petroleum Corporation may be undervalued, and its A value score suggests it is a strong choice for value investors. OXY’s financial health and development prospects show that it can outperform the market and presently has an A Growth Score. With a Momentum Score of As, recent market fluctuations and earnings estimate adjustments suggest that this might be a profitable purchase for momentum investors.
OXY Stock Forecast 2022
Analysts expect OXY’s EPS to be $10.56 in 2022, with the lowest EPS projection at $7.77 and the highest EPS forecast at $14.04.
OXY Forecast for September 2022: This month is expected to be an uptrend, with an ideal target price of $62.5686. Negative: $54.27. $70.76 optimistic
OXY Forecast for October 2022: This month is expected to be an upswing, with an ideal target price of $68.206. Negative: $58.93. $74.82 optimistic
OXY Prediction for November 2022: A decline is expected this month, with the best target price of $66.5827. Negative: $62.51. $71.22 optimistic
OXY Forecast for December 2022: This month is expected to decline, with an ideal target price of $60.3573. Negative: $53.79. $64.77 optimistic
OXY stock forecast 2023
OXY will be perceived as a superior alternative, and with such a large population, OXY costs will skyrocket. Price changes are challenging to forecast, especially when the market is more bullish or bearish than usual. The price of OXY in 2023 will be around $0.19, and the highest price we can obtain is $0.23. The average price of OXY is expected to be about $0.20 by the end of 2023. A significant price change is anticipated within the cryptocurrency market’s parameters.
OXY Stock Forecast 2024
The value of OXY will rise due to the efforts of network developers and community investors. As a result, the projected price for 2024 is optimistic. Analysts predicted that OXY would reach a maximum price of $0.34 by 2024. On the other side, Future Oxygen will probably be better. Consequently, based on the market, the anticipated average price of OXY in 2024 will be about $0.28 to $0.29. According to the same tagline, the OXY’s maximum price for 2024 varies from $0.28 to $0.34.
OXY Stock Forecast 2025
Fundamental analysis is required for long-term OXY price projections. The native token provides a few industry benefits, and the autonomy of the digital economy makes it perfect. As DAPPs and stable currencies become more prevalent, the network will provide competitive programmable payment, logistics, and other storage options. The average price of OXY may increase to about $0.42 by 2025 if more investors are attracted to the idea. The year 2025 might finish with a maximum price of $0.49 and the lowest price of $0.41.
OXY Stock Forecast 2026
OXY prices have reached a level comparable to their previous all-time high by 2026. We might anticipate an average price of $0.59 by 2026. If all goes according to plan, Oxy’s maximum price might hit $0.70 in 2026. It is usual for the bitcoin market to crash after a long bull run.
OXY Stock Forecast 2027
OXYs price would surge in 2027, with increasing acceptance and cooperation with other critical blockchain networks, and the maximum trading price might reach $1.00 in 2027. If we maintain the same pricing ranges, they will be pretty stylish. If everything goes as planned, we may anticipate an average price of $0.86 and a maximum price of $1.00 in 2027.
OXY Stock Forecast 2028
There are indications that a paradigm change will occur in the bitcoin business. There is still optimism that OXY’s long-term price projection will rise because of the currency’s continued popularity. By 2028, the average price will be $1.26, while the lowest price will be $1.22. According to estimates, the maximum price is expected to be $1.48.
OXY Stock Forecast 2029
With specific partnerships and advancements, OXY has enormous potential to grow the number of users and acceptance. If the market focuses on investing in Oxygen, the price may skyrocket. It can reach a maximum value of $2.13 by 2029. If the market falls, the OXY will likely reverse somewhat. The year 2029 might finish with an average price of $1.88, with a low of $1.83 and a high of $2.13.
OXY Stock Forecast 2030
OXY’s current price range may pique the interest of many traders. As a result, OXY can reach $3.11 by 2030 with significant assistance from financial institutions if the following conditions are met. With an average price of $2.68 for 2030, it has the potential to outperform the current price trend and reach new highs. The price tagline may change when the cryptocurrency market experiences another strong trend in its approach to 2030.
Is OXY A Good Stock To Buy Now?
Occidental Petroleum has a Zacks Rank of right now (Strong Buy). According to our research, companies with Zacks Rank of (Strong Buy) and (Buy) and Style Scores of A or B outperform the market over the next month.
What Is The Ex–Dividend Date For OXY Stock?
When does Occidental Petroleum go ex-dividend? The next ex-dividend date for Occidental Petroleum is 2022-09-09. Occidental Petroleum stockholders who possess OXY shares before this date will receive the next dividend payment of $0.1300 per share on October 17, 2022.
Is OXY Stock Buy Or Sell?
The purchasing momentum in OXY was rebuffed in early June at an FCF yield of about 20%. As a result, we believe the market regarded the yield as too low to compensate for the risks associated with holding the stock.
Is OXY A Good Long-Term Stock?
Barring unanticipated developments, the opinion is that OXY stock will continue to perform well enough to be an excellent long-term investment. Much is dependent on the direction of oil prices.
How High Will Occidental Petroleum Go?
The median 12-month price target for Occidental Petroleum Corp from the 26 analysts providing 12-month predictions is 71.00, with a high estimate of 110.00 and a low estimate of 52.00.
Is OXY Stock A Buy Sell, Or Hold?
The consensus rating for Occidental Petroleum is Buy. The average rating score for the firm is 2.50, based on 8 buy ratings, 5 hold ratings, and 2 sell recommendations.
Strong Buy: 24.75%
What Is The Future Of OXY Stock?
The median 12-month price target for Occidental Petroleum Corp from the 26 analysts providing 12-month predictions is 71.00, with a high estimate of 110.00 and a low estimate of 52.00. The median estimate is a +20.34 percent gain over the previous price of 59.00.
This guide is a self-evaluation of how well OXY has performed in the past and the likelihood of it performing well in the future. That’s all for now. Our website is routinely updated with new content to help you in any way we can.
OXY is expected to continue its leading market position in the opioid analgesic industry from 2022 through 2025. This estimate excludes future regulatory changes or new products in the opioid analgesic market, which might substantially influence OXY’s future. Investors should thus keep an eye on OXY’s performance and adjust their investment plan as necessary.