Benzinga | Dec 9, 2021 09:52PM EST

Analyst Ratings For Occidental Petroleum

Over the past 3 months, 7 analysts have published their opinion on Occidental Petroleum (NYSE:OXY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 2 2 2 1 0Last 30D 0 0 1 0 01M Ago 0 0 0 0 02M Ago 2 0 1 1 03M Ago 0 2 0 0 0

In the last 3 months, 7 analysts have offered 12-month price targets for Occidental Petroleum. The company has an average price target of $41.86 with a high of $55.00 and a low of $28.00.

Below is a summary of how these 7 analysts rated Occidental Petroleum over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has increased by 23.74% from the previous average price target of $33.83.

How Are Analyst Ratings Determined?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.