Occidental Petroleum (OXY) Price Target Raised at Piper Sandler

Occidental Petroleum Corporation (NYSE:OXY) is included among the 10 Best American Oil and Gas Stocks to Buy.

Occidental Petroleum (OXY) Price Target Raised at Piper Sandler

Occidental Petroleum Corporation (NYSE:OXY) is an independent exploration and production company with assets primarily in the United States, the Middle East, Africa, and Latin America.

On January 28, Piper Sandler analyst Mark Lear slightly nudged up the firm’s price target on Occidental Petroleum Corporation (NYSE:OXY) from $46 to $47, while maintaining a ‘Neutral’ rating on the shares. The revised target indicates an upside of almost 5% from the current share price. The analyst estimates strong prints from gas operators in the Q4 2025 earnings season, while weak oil and NGL prices were a headwind for oil companies during the quarter. As we head into 2026, Piper expects a number of gas producers to push for growth in response to the increasing demand for LNG.

Similarly, on January 27, BofA increased its price target on Occidental Petroleum Corporation (NYSE:OXY) from $44 to $45 while maintaining a ‘Neutral’ rating on the shares. The revision comes as the analyst firm updated its price targets for the Integrated, Refining, and Midstream stocks under its coverage.

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