Barclays analyst Betty Jiang maintains $Occidental Petroleum (OXY.US)$ with a hold rating, and adjusts the target price from $67 to $58.
According to TipRanks data, the analyst has a success rate of 43.2% and a total average return of -1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Occidental Petroleum (OXY.US)$'s main analysts recently are as follows:
Estimates within the integrated oil and exploration and production sector were revised to account for a decrease in oil price forecasts, affecting future projections. Despite a recent downturn in the sector, the potential benefits outweigh the risks, given that company fundamentals and operational momentum are reported to be robust.
The medium- to longer-term leverage of Occidental Petroleum is likely to stay higher compared to its peers, given the company's issuance of $9.7B in gross debt due to the recently finalized CrownRock acquisition.
The outlook for Occidental Petroleum is cautious, with the anticipation that energy commodities and related equities might not participate in the upward trend due to difficult fundamentals and an expected imbalance by 2025. Nevertheless, it is acknowledged that there is a potential for crude oil market risks to lean towards the positive side. With the quarter's end approaching, there is a preparation for updates that could reveal a decline in the near-term estimates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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巴克萊銀行分析師Betty Jiang維持$西方石油 (OXY.US)$持有評級，並將目標價從67美元下調至58美元。
根據TipRanks數據顯示，該分析師近一年總勝率為43.2%，總平均回報率為-1.8%。
此外，綜合報道，$西方石油 (OXY.US)$近期主要分析師觀點如下：
考慮到油價預測的下降，對綜合石油和勘探與生產部門的估計進行了修訂，從而影響了未來的預測。儘管該行業最近出現低迷，但鑑於據報道公司的基本面和運營勢頭強勁，潛在的收益大於風險。
西方石油公司由於最近完成對CrownRock的收購而發行了97億美元的總債務，因此與同行相比，西方石油公司的中長期槓桿率可能會保持在較高水平。
西方石油的前景謹慎，預計由於基本面困難以及預計到2025年出現失衡，能源大宗商品和相關股票可能不會參與上漲趨勢。儘管如此，人們承認，原油市場風險有可能向積極的一面傾斜。隨着本季度末的臨近，正在爲可能顯示短期估計下降的最新消息做準備。
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