Analysts fell to the sidelines weighing in on Occidental Petroleum (OXY) and PDC Energy (PDCE) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Occidental Petroleum (OXY)
In a report issued on November 12, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Occidental Petroleum, with a price target of $80. The company’s shares closed yesterday at $70.78.
According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 2.1% and a 46.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Extraction Oil & Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Occidental Petroleum with a $94.33 average price target.
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PDC Energy (PDCE)
In a report released yesterday, Dan McSpirit from BMO Capital reiterated a Hold rating on PDC Energy, with a price target of $55. The company’s shares closed yesterday at $39.80, close to its 52-week low of $38.13.
According to TipRanks.com, McSpirit is a 2-star analyst with an average return of -0.2% and a 42.9% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Resolute Energy Corp.
Currently, the analyst consensus on PDC Energy is a Moderate Buy with an average price target of $71.67, representing an 80.1% upside. In a report issued on November 5, Oppenheimer also assigned a Hold rating to the stock.
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