Do Analysts Expect Occidental Petroleum Corp (OXY) Stock to Rise After It Is Up 9.57% in a Month?

InvestorsObserver is giving Occidental Petroleum Corp (OXY) an Analyst Rating Rank of 20, meaning OXY is ranked higher by analysts than 20% of stocks. The average price target for OXY is $67.333 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating OXY a Buy today. Find out what this means to you and get the rest of the rankings on OXY!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Occidental Petroleum Corp Stock Today?

Occidental Petroleum Corp (OXY) stock is up 2.31% while the S&P 500 is down -0.33% as of 2:55 PM on Monday, Apr 1. OXY is higher by $1.50 from the previous closing price of $64.99 on volume of 5,325,729 shares. Over the past year the S&P 500 is up 26.97% while OXY is higher by 2.01%. OXY earned $3.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.93. Click Here to get the full Stock Report for Occidental Petroleum Corp stock.