Barclays Increases Occidental Petroleum (NYSE:OXY) Price Target to $55.00

Barclays has raised its price target for Occidental Petroleum (NYSE:OXY) to $55.00 from $50.00, maintaining an “equal weight” rating, which suggests a 4.1% upside. Other analysts have varying price targets, resulting in a consensus “Hold” rating with an average target of $49.38. The oil and gas producer recently reported Q4 EPS of $0.31, beating estimates, though revenue of $5.11 billion missed expectations and was down 5.2% year-over-year.