BP plc ADR (NYSE: BP): Stock Forecast For 2024 Still Looks Weak With A -36.21% Decline

In the last trading session, 12.45 million shares of the BP plc ADR (NYSE:BP) were traded, and its beta was 0.66. Most recently the company’s share price was $38.91, and it changed around $0.39 or 1.01% from the last close, which brings the market valuation of the company to $108.50B. BP currently trades at a discount to its 52-week high of $40.84, offering almost -4.96% off that amount. The share price’s 52-week low was $33.52, which indicates that the current value has risen by an impressive 13.85% since then. We note from BP plc ADR’s average daily trading volume that its 3-month average coming to 9.53 million.

BP plc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.86. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended BP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. BP plc ADR is expected to report earnings per share of $Tidal ETF Trust II The Meet Kev for the current quarter.

BP plc ADR (NYSE:BP) trade information

Instantly BP has showed a green trend with a performance of 1.01% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 9.92% year-to-date, but still down -0.41% over the last five days. On the other hand, BP plc ADR (NYSE:BP) is 3.13% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $42.04, which translates to bulls needing to increase their stock price by 7.45% from its current value. Analyst projections state that BP is forecast to be at a low of $31 and a high of $53.

BP plc ADR (BP) estimates and forecasts

BP plc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.52 percent over the past six months and at a 3.35% annual growth rate that is well above the industry average of 2.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.32%.

BP Dividends

BP plc ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 4.38 percent and its annual dividend per share was 1.71. It is important to note, however, that the 4.38% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.