What is wrong with BP stock?
"Earnings missed across all divisions. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter," said RBC analyst Biraj Borkhataria.
Why are BP shares going down?
BP (BP. L) has reported a sharp drop in profits after oil prices fell last year but is pushing ahead with further shareholder returns. BP made underlying profits of $3bn (£2.4bn) in the final three months of the year, exceeding analyst estimates of $2.8bn, and taking earnings for 2023 to $13.8bn (£11bn).
Is BP still a good stock to buy?
BP p.l.c. has a conensus rating of Moderate Buy, which is based on 8 buy ratings, 1 hold ratings and 1 sell ratings. The average share price target for BP p.l.c. is 642.22p. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
What are analysts saying about BP stock?
The highest analyst price target is $47.00 ,the lowest forecast is $6.78. The average price target represents -3.63% Decrease from the current price of $39.44. BP plc.'s analyst rating consensus is a Moderate Buy. This is based on the ratings of 9 Wall Streets Analysts.
What is the problem with British Petroleum?
From air pollution to leaky oil pipelines, BP has one of the worst environmental records in the industry. At BP's Texas City oil refinery in Texas, BP pled guilty to violations of the Clean Air Act, and paid approximately $50 million in penalties for polluting the air with harmful air emis- sions such as benzene.
What is the future of BP stock?
Based on short-term price targets offered by eight analysts, the average price target for BP comes to $42.14. The forecasts range from a low of $38.00 to a high of $46.80. The average price target represents an increase of 6.28% from the last closing price of $39.65.
How safe is BP dividend?
Fortunately, it paid out only 27% of its free cash flow in the past year. It's positive to see that BP's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
Who owns the most BP stock?
Largest shareholders include State Street Corp, Fisher Asset Management, LLC, Arrowstreet Capital, Limited Partnership, Acadian Asset Management Llc, Morgan Stanley, Dimensional Fund Advisors Lp, BlackRock Inc., Wellington Management Group Llp, Boston Partners, and Goldman Sachs Group Inc .
What is the highest BP stock has ever been?
Historical daily share price chart and data for BP since 1977 adjusted for splits and dividends. The latest closing stock price for BP as of April 12, 2024 is 39.44. The all-time high BP stock closing price was 39.82 on October 17, 2023.
Is BP stock a good long term investment?
The financial health and growth prospects of BP, demonstrate its potential to outperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
What is the 5 year forecast for BP?
BP plc - ADR quote is equal to 39.440 USD at 2024-04-13. Based on our forecasts, a long-term increase is expected, the "BP" stock price prognosis for 2029-04-04 is 61.210 USD. With a 5-year investment, the revenue is expected to be around +55.2%. Your current $100 investment may be up to $155.2 in 2029.
Why should you invest in BP?
Profitable growth – growing EBIDA per share and growing returns; and. Sustainable value - as we invest with discipline in our five transition growth engines - and lower our emissions.
Why invest in BP stock?
bp's proposition to investors is the delivery of long-term shareholder value through a combination of committed distributions, profitable growth and sustainable value. Select from the options below for further shareholder information.
What country owns British Petroleum?
Is BP Owned by the British? BP is a British company, headquartered in London, U.K., but it is not owned by the government. It is a publicly owned company whose shares trade on the London Stock Exchange (LSE), the Frankfurt Stock Exchange, and the New York Stock Exchange (NYSE).
Is BP greenwashing?
And in 2022, peer-reviewed research found that BP's climate advertising likely did amount to greenwashing, as there was “ no evidence that [BP was] investing in clean energy at a scale that would allow them to shift away from fossil fuels,” NPR reported.
How much debt does British Petroleum have?
Total debt on the balance sheet as of December 2023 : $63.07 B. According to BP's latest financial reports the company's total debt is $63.07 B. A company's total debt is the sum of all current and non-current debts.
Should I sell my BP stock?
The consensus among 4 Wall Street analysts covering (NYSE: BP) stock is to Buy BP stock.
Why is BP so cheap?
The company's price-to-earnings (P/E) multiple is one of the lowest in the industry. One reason for this is that the market is yet to be convinced that its move to an 'integrated energy company' is good for shareholders. The new CEO has made it clear that he has no intention of moving away from this strategy.
Did BP do a stock split?
BP stock (symbol: BP) underwent a total of 5 stock splits.
What is the safest dividend paying stock?
| Dividend Stock | Current Dividend Yield* | Analysts' Implied Upside* |
|---|---|---|
| JPMorgan Chase & Co. (ticker: JPM) | 2.3% | 2.8% |
| Home Depot Inc. (HD) | 2.5% | 10.5% |
| Procter & Gamble Co. (PG) | 2.4% | 15.4% |
| Johnson & Johnson (JNJ) | 3.1% | 25.3% |
Is BP stock undervalued?
Compared to the current market price of 39.44 USD, BP PLC is Undervalued by 69%.
How often does BP pay a dividend?
How often will I receive a dividend? bp expects to announce dividends four times a year. When the operating results are announced for each quarter, the bp directors decide the level of quarterly dividends to be paid to shareholders.
Who did BP just buy?
BP has completed its $1.3 billion acquisition of TravelCenters of America. BP Products North America Inc., a wholly owned indirect subsidiary of BP p.l.c., completed its $1.3 billion acquisition of TravelCenters of America on Monday, May 15.
How much of BP does BlackRock own?
BlackRock, Inc. is currently the largest shareholder, with 10% of shares outstanding. For context, the second largest shareholder holds about 4.7% of the shares outstanding, followed by an ownership of 3.6% by the third-largest shareholder.
What company did BP buyout?
In October 2022, BP announced that it would be acquiring Archaea Energy Inc., a renewable natural gas producer, for $4.1 billion. In December 2022, it was announced BP had completed the acquisition of Archaea Energy Inc. for $3.3 billion.
