Is Occidental Petroleum Stock Going to $64? 1 Wall Street Analyst Thinks So.
The still-young year of 2025 hasn't been all that kind to oil stocks, many of which are trading down since New Year's Day. One of these laggards has been sector mainstay Occidental Petroleum (NYSE: OXY), despite the company's convincing bottom-line beat in its most recent earnings report.Recently, one analyst tracking the stock downgraded his recommendation on Occidental and cut his price target. Yet his previous take was so bullish, he still feels the shares have significant upside.Before the market opened Monday, Raymond James analyst John Freeman retagged Occidental stock as an outperform (buy, in other words) from his previous "strong buy" conviction. He also lowered the price target to $64 per share; formerly it was $81. Continue reading
The still-young year of 2025 hasn't been all that kind to oil stocks, many of which are trading down since New Year's Day. One of these laggards has been sector mainstay Occidental Petroleum (NYSE: OXY), despite the company's convincing bottom-line beat in its most recent earnings report.
Recently, one analyst tracking the stock downgraded his recommendation on Occidental and cut his price target. Yet his previous take was so bullish, he still feels the shares have significant upside.
Before the market opened Monday, Raymond James analyst John Freeman retagged Occidental stock as an outperform (buy, in other words) from his previous "strong buy" conviction. He also lowered the price target to $64 per share; formerly it was $81.
