Roth Capital upgrades Occidental Petroleum stock to Buy at USD 70
Published on 10/21/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst action sets valuation tone
- Roth Capital upgraded Occidental Petroleum to Buy with a USD 70.00 target on October 19, 2026.
- Second-quarter revenue reached USD 8.06 billion and rose 53.40 percent year over year.
- Occidental Petroleum stock trades at EUR 56.20 at 11:01 a.m. CEST at Lang & Schwarz on October 21, 2026.
- Third-quarter results are scheduled for November 9, 2026.
Occidental Petroleum Corporation (US6745991058) was trading at EUR 56.20 at Lang & Schwarz on October 21, 2026 at 11:01 a.m. CEST. The latest analyst catalyst came from Roth Capital, which upgraded the stock from Neutral to Buy and set a USD 70.00 target on October 19, 2026, according to MarketScreener.
The latest target is USD 70.00
Roth Capital's move adds to a busy October for the oil and gas producer. The target is above the USD 62.72 last close cited by MarketScreener, while the broader analyst average on that page stood at USD 69.96 across 27 analysts.
The company also has a defined reporting date ahead. MarketScreener lists November 9, 2026, as the earnings release for the third quarter of 2026.
What does the target mean for valuation?
The next valuation test is the third-quarter update. In a filing dated October 13, 2026, SEC said Occidental had provided management's factors expected to affect the quarter ending September 30, 2026.
Three October milestones
On October 1, 2026, Goldman Sachs upgraded Occidental Petroleum from Neutral to Buy and raised its target from USD 63.00 to USD 69.00, as reported by Yahoo Finance. On October 13, 2026, the company filed its third-quarter earnings considerations with the SEC. On October 19, 2026, Roth Capital upgraded the rating to Buy and set a USD 70.00 target, according to MarketScreener.
Results arrive November 9
The scheduled third-quarter release on November 9, 2026 is the next dated company event. The prior quarter provides a demanding comparison: Occidental reported USD 8.06 billion of revenue, up 53.40 percent year over year, and adjusted earnings per share of USD 2.40 versus a USD 1.83 consensus estimate, according to MarketBeat.
Stock awaits the next report
Occidental's common stock is registered on the New York Stock Exchange under the ticker OXY, as stated in the company's October 13, 2026 filing. Its second-quarter figures and the October analyst upgrades give the November report a clear measurement point.
Occidental Petroleum stock was trading at EUR 56.20 at Lang & Schwarz on October 21, 2026 at 11:01 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Occidental Petroleum stock facts
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Primary exchange: New York Stock Exchange
- Price Lang & Schwarz (as of October 21, 2026, 11:01 a.m. CEST): EUR 56.20
- Market capitalization: USD 62.9 billion (as of October 20, 2026)
- 52-week range: USD 38.80-USD 67.45 (as of October 20, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 9, 2026
Market context: Market report S&P 500.
