[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioa7b960af":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioa7b960af","Evercore-ISI：西方石油(OXY)去杠杆化重塑自由现金流前景，上调评级至“跑赢大盘”","\u002Fdoc\u002Fdcioa7b960af","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，Evercore ISI周三将西方石油(OXY)的评级从“跑输大盘”直接上调至“跑赢大盘”，并将目标价从58美元上调至65美元。这一罕见的“双升级”动作，标志着其对这家长期落后于同行的石油生产商的看法发生了重大转变。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore ISI分析师Stephen Richardson此次跳过“中性”评级直接升级，在华尔街实属罕见。他在报告中明确表示，此次评级上调“并非基于绝对增长，而是基于变化速度和最终估值折让”。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Richardson指出，西方石油正“从一个低迷、严重折让的基数上反弹”，而市场“低估了效率提升的持久性以及资本结构的简化”。他进一步解释，西方石油“大幅降低杠杆率的资产负债表和资本效率的结构性提升”共同重塑了自由现金流状况和股东回报的回归之路。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore预计，在WTI油价维持在每桶75美元且产量不变的假设下，西方石油每股自由现金流复合年增长率至2030年将达约8%。该机构预计公司有望在2028年下半年重启股票回购计划。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">去杠杆化成效显著债务削减重塑财务基础\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">西方石油近年来的去杠杆化进程是此次评级上调的核心驱动力。公司通过非核心资产出售和OxyChem的剥离，已大幅降低资产负债率。截至2026年一季度，公司总资产约804.64亿美元。西方石油重申了在2026年之前利用收购产生的现金和至多60亿美元的资产出售来偿还债务的计划。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore认为，市场尚未充分反映西方石油在油价未有大幅上涨的情况下，仍能产生更高自由现金流、并恢复可观股东回报的潜力。较低的油井成本、持续下降的维护资本需求，以及公司横跨美国陆上资产、强化采油业务、墨西哥湾和波斯湾的长寿命资源基础，均是支撑其长期现金生成能力的重要基础。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">油价反弹提供短期催化剂\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">评级上调恰逢原油价格强势反弹。周三，WTI原油日内上涨7%，突破75美元\u002F桶。石油板块普涨，康菲石油、雪佛龙等涨幅均超2%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore指出，西方石油对油价的敏感性较高，在商品价格波动期间其股价往往比许多同行反应更为剧烈。近期地缘政治风险再度升温——据报道，美国总统特朗普指美伊临时停火协议已经告终，中东局势急遽恶化——进一步为油价和石油股提供了支撑。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">分析师预计能源行业二季度盈利将出现显著同比增长。根据LSEG汇总的数据，埃克森美孚二季度调整后净利润预计约159亿美元，雪佛龙预计约99亿美元，均为一季度利润的三倍以上。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">前景展望从“深度折价”出发的复苏叙事\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore此次评级的核心逻辑并非押注油价大涨或产量激增，而是从深度折价的估值出发，依托基本面的持续改善。Richardson认为，投资者低估了公司效率提升成果的持续性，以及其简化后的资本结构所带来的长期价值。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">尽管Evercore承认西方石油至2030年的每股自由现金流增速将落后于雪佛龙、康菲石油等大型同行，但其投资价值在于公司基本面正在改善，而目前估值仍处于较大折让水平。该股52周交易区间为38.80至67.45美元，当前股价仍处于中低位区间。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">随着去杠杆化持续推进、运营效率不断提升，以及地缘政治风险支撑油价高位运行，西方石油正试图从“长期落后者”的标签中挣脱出来，重新赢得市场的信任。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]