$48.46
0.21% yesterday
NYSE, Dec 30, 10:14 pm CET
ISIN
US6745991058
Symbol
OXY

Occidental Petroleum Target price 2024 - Analyst rating & recommendation

Occidental Petroleum Classifications & Recommendation:

Buy
33%
Hold
63%
Sell
3%

Occidental Petroleum Price Target

Target Price $61.48
Price $48.46
Potential
Number of Estimates 25
25 Analysts have issued a price target Occidental Petroleum 2025 . The average Occidental Petroleum target price is $61.48. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 30 analysts: 10 Analysts recommend Occidental Petroleum to buy, 19 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Occidental Petroleum stock has an average upside potential 2025 of . Most analysts recommend the Occidental Petroleum stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 28.33 27.19
21.85% 4.04%
EBITDA Margin 48.19% 51.82%
13.92% 7.54%
Net Margin 12.91% 12.11%
59.75% 6.23%

15 Analysts have issued a sales forecast Occidental Petroleum 2024 . The average Occidental Petroleum sales estimate is

$27.2b
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. This is
1.19% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$28.3b 2.89%
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, the lowest is
$26.2b 4.60%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $28.3b 21.85%
2024
$27.2b 4.04%
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2025
$28.5b 4.97%
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2026
$29.6b 3.78%
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2027
$29.5b 0.27%
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2028
$29.3b 0.95%
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22 Analysts have issued an Occidental Petroleum EBITDA forecast 2024. The average Occidental Petroleum EBITDA estimate is

$14.1b
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. This is
6.55% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$15.3b 15.81%
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, the lowest is
$13.0b 1.74%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $13.7b 32.73%
2024
$14.1b 3.20%
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2025
$14.7b 4.08%
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2026
$15.5b 6.02%
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2027
$15.0b 3.30%
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2028
$16.1b 7.03%
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EBITDA Margin

2023 48.19% 13.92%
2024
51.82% 7.54%
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2025
51.38% 0.85%
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2026
52.50% 2.18%
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2027
50.90% 3.05%
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2028
55.00% 8.06%
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13 Occidental Petroleum Analysts have issued a net profit forecast 2024. The average Occidental Petroleum net profit estimate is

$3.3b
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. This is
8.62% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.9b 9.37%
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, the lowest is
$2.9b 18.28%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $3.7b 68.55%
2024
$3.3b 10.03%
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2025
$3.0b 8.67%
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2026
$3.6b 20.41%
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2027
$3.9b 8.72%
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2028
$4.5b 14.18%
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Net Margin

2023 12.91% 59.75%
2024
12.11% 6.23%
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2025
10.54% 12.96%
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2026
12.22% 15.94%
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2027
13.32% 9.00%
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2028
15.36% 15.32%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.90 3.51
68.55% 10.00%
P/E 13.84
EV/Sales 2.94

13 Analysts have issued a Occidental Petroleum forecast for earnings per share. The average Occidental Petroleum <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.51
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. This is
8.59% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$4.20 9.38%
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, the lowest is
$3.14 18.23%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.90 68.55%
2024
$3.51 10.00%
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2025
$3.20 8.83%
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2026
$3.86 20.63%
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2027
$4.20 8.81%
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2028
$4.79 14.05%
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P/E ratio

Current 12.65 5.03%
2024
13.84 9.41%
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2025
15.15 9.47%
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2026
12.58 16.96%
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2027
11.58 7.95%
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2028
10.14 12.44%
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Based on analysts' sales estimates for 2024, the Occidental Petroleum stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.91 4.30%
2024
2.94 1.10%
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2025
2.80 4.73%
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2026
2.70 3.64%
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2027
2.71 0.27%
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2028
2.73 0.96%
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P/S ratio

Current 1.66 9.07%
2024
1.68 1.20%
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2025
1.60 4.73%
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2026
1.54 3.65%
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2027
1.54 0.27%
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2028
1.56 0.96%
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