OXY Stock Forecast for the Next 12 Months is $78

OXY Stock Forecast for the Next 12 Months is $78

OXY Stock Forecast for the next 12 months is $78.


OXY Stock Forecast: Latest Price

Occidental Petroleum Corporation Performance Chart

5 days1 MonthYTD
OXY Stock+8.8%-4.2%+106.3%
Brent Crude+7.3%-3.9%+15.0%

Oxy Stock Forecast: Latest News

  • Warren Buffet bought 6 million shares: Warren Buffet’s Berkshire Hathaway bought 6 million shares of Oxy worth $368 million increasing his stake to 21%. This shows that the stock can be considered a long-term investment.
  • Oxy and 1PointFive to begin direct air capture plant: Oxy and 1PointFive have announced to begin of construction of the world’s largest direct air capture plant in the Texas Permian Basin. This plant will capture large-scale carbon which reduces emissions and can be safely sequestered. It is expected to capture up to 500,000 metric tons of carbon dioxide per year.
  • Rising Crude Oil Prices- Crude Prices are rising again on account of refinery transitions in the US as well as OPEC Oil Output cut.

Oxy Stock Forecast: Q2 Results

  • The company released its Quarter 2 (which ended on June 30, 2022) in August.
  • Its total revenue was declared as $10.6 billion, up 80% y-y.
  • Its net income was declared as $3.7 billion, up 3545% y-y.
  • Its operating income was $4.7 billion, up 726% y-y.
  • Its diluted earnings per share (EPS) were declared as $3.47, up 3570% y-y.
  • The company repaid its $4.8 billion of debt, which represents 19% of the total outstanding principal.

Oxy Stock Forecast: Price Target

Overall Average$77.5
 Piper Sandler$92
 Citigroup$67
 Morgan Stanley$76
 Barclays$75

OXY Stock Forecast Today

Overall OutlookPartially Negative
Market WisdomPartially Positive
Market DataNeutral
Technical IndicatorBuy
Crowd’s WisdomNegative
Social Media SentimentLower
Google Search Lower

Google Search Volume for OXY is Lower than yesterday.

OXY Stock Forecast: Latest Tweets

Also Read: Plug Stock Forecast

OXY stock forecast

Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions

 

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.