Analysts Have Conflicting Sentiments on These Energy Companies: Occidental Petroleum (OXY) and Chevron (CVX)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Occidental Petroleum (OXY – Research Report) and Chevron (CVX – Research Report).
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Occidental Petroleum (OXY)
DBS analyst Suvro Sarkar maintained a Hold rating on Occidental Petroleum yesterday and set a price target of $46.00. The company’s shares closed last Thursday at $42.02.
According to TipRanks.com, Sarkar is a 4-star analyst with an average return of 7.4% and a 66.3% success rate. Sarkar covers the NA sector, focusing on stocks such as TotalEnergies, EOG Resources, and Exxon Mobil. ;’>
The word on The Street in general, suggests a Hold analyst consensus rating for Occidental Petroleum with a $49.75 average price target, representing a 18.0% upside. In a report issued on November 10, TD Cowen also maintained a Hold rating on the stock with a $45.00 price target.
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Chevron (CVX)
BMO Capital analyst Phillip Jungwirth maintained a Buy rating on Chevron on November 12 and set a price target of $170.00. The company’s shares closed last Thursday at $155.58.
According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 3.0% and a 45.6% success rate. Jungwirth covers the NA sector, focusing on stocks such as Weatherford International, Phillips 66, and Ovintiv. ;’>
Chevron has an analyst consensus of Strong Buy, with a price target consensus of $175.82, a 14.2% upside from current levels. In a report issued on October 31, RBC Capital also maintained a Buy rating on the stock with a $175.00 price target.
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