Occidental Petroleum Rose 6% in the Last 30 Days. Here’s How Much the Stock Could Rise in 2026

NodeGuardian · 2026-02-26T06:46:22+00:00

Occidental Petroleum (OXY) stock rose 6% recently, trading near $46, driven by stronger oil prices and analyst support. TIKR's model projects a target price of $54, indicating undervaluation despite a negative revenue growth outlook.

NodeGuardian

2026-02-26 06:46:22

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Occidental Petroleum (OXY) stock rose 6% in the last 30 days due to firmer oil prices, updated analyst commentary, and renewed institutional activity, with a recent trading price near $46 per share. TIKR’s Valuation Model estimates a target price of $54, implying a 17% potential upside over 1.9 years, suggesting the stock is currently undervalued. This valuation considers a revenue growth CAGR of -4.1%, operating margins of 15.9%, and an exit P/E multiple of 34x, alongside factors like Permian Basin concentration, CrownRock integration, Direct Air Capture initiatives, and debt reduction.

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