Susquehanna Lowers Occidental Petroleum (OXY) PT Amid Near-Term Oil Oversupply Concerns

Maham Fatima

Wed, February 18, 2026 at 11:26 PM GMT+9 2 min read

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Occidental Petroleum Corporation (NYSE:OXY) is one of the best stocks under $50 to invest in. On January 26, Susquehanna analyst Charles Minervino lowered the firm’s price target on Occidental to $51 from $55 while keeping a Positive rating. This decision was made as part of the firm’s Q4 2025 exploration and production group preview.

Minervino noted that the oil market remains oversupplied due to the unwinding of OPEC’s voluntary production cuts, which, combined with soft global demand growth, is expected to pressure pricing. Consequently, the firm reduced its 2026 West Texas Intermediate price assumption to $60 per barrel from $65. Still, Susquehanna remains bullish on the long-term demand for natural gas driven by data centers and electrification.

On January 23, Morgan Stanley analyst Devin McDermott lowered the firm’s price target on Occidental Petroleum Corporation (NYSE:OXY) to $50 from $51 with an Equal Weight rating. In a Q4 preview for E&Ps, oil majors, and Canadian producers, the firm updated its 2026-27 oil price deck to reflect strip prices as of January 7. The firm informed investors that while Q4 operational updates are expected to be fairly clean, cash flow may be lighter due to price realizations.

Susquehanna Lowers Occidental Petroleum (OXY) PT Amid Near-Term Oil Oversupply Concerns

tcly / shutterstock.com

Occidental Petroleum Corporation (NYSE:OXY), together with its subsidiaries, acquires, explores, and develops oil & gas properties in the US and internationally. It operates through three segments: Oil & Gas, Chemical, and Midstream & Marketing.

While we acknowledge the potential of OXY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now**.**

Disclosure: None. This article is originally published at Insider Monkey.

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