BP plc ADR (BP) Investors To Reap Big Returns Again

IPW

BP plc ADR (NYSE:BP) has a beta value of 0.67 and has seen 12.23 million shares traded in the last trading session. The company, currently valued at $110.06B, closed the last trade at $39.47 per share which meant it 0.00% during that session. The BP stock price is -3.47% off its 52-week high price of $40.84 and 15.07% above the 52-week low of $33.52. The 3-month trading volume is 9.63 million shares.

BP plc ADR (NYSE:BP) trade information

The stock has traded in the green over the last five days, when the BP stock price touched $39.47 or saw a rise of 0.65%. Year-to-date, BP plc ADR shares have moved 11.50%, while the 5-day performance has seen it change 1.44%. Over the past 30 days, the shares of BP plc ADR (NYSE:BP) have changed 4.75%.

BP plc ADR (BP) estimates and forecasts

Figures show that BP plc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 1.67% over the past 6 months, with this year growth rate of 5.02%, compared to 1.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -38.30% and 28.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.20%.

3 analysts offering their estimates for the company have set an average revenue estimate of $55.46 billion for the current quarter. 3 have an estimated revenue figure of $58.9 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $56.95 billion and $49.48 billion respectively for this quarter and the next, and analysts expect sales will shrink by -2.60% for the current quarter and 19.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 13.32% over the past 5 years.

BP Dividends

BP plc ADR is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.71 at a share yield of 4.32%. The company’s dividend yield has gone up over the past 12 months.