BP plc ADR (BP) Outlook And Short Term Estimates

BP plc ADR (NYSE:BP) has a beta value of 0.63 and has seen 2.68 million shares traded in the recent trading session. The company, currently valued at $88.70B, closed the recent trade at $32.73 per share which meant it lost -$0.14 on the day or -0.43% during that session. The BP stock price is -24.78% off its 52-week high price of $40.84 and 0.67% above the 52-week low of $32.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.39 million shares traded. The 3-month trading volume is 6.81 million shares.

The consensus among analysts is that BP plc ADR (BP) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.99.

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BP plc ADR (NYSE:BP) trade information

Sporting -0.43% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BP stock price touched $32.73 or saw a rise of 5.13%. Year-to-date, BP plc ADR shares have moved -7.54%, while the 5-day performance has seen it change -4.80%. Over the past 30 days, the shares of BP plc ADR (NYSE:BP) have changed -0.79%. Short interest in the company has seen 5.67 million shares shorted with days to cover at 1.22.

Wall Street analysts have a consensus price target for the stock at $42.15, which means that the shares’ value could jump 22.35% from the levels at last check today. The projected low price target is $31.0 while the price target rests at a high of $59.0. In that case, then, we find that the latest price level in today’s session is -80.26% off the targeted high while a plunge would see the stock lose 5.29% from the levels at last check today.

BP plc ADR (BP) estimates and forecasts

Figures show that BP plc ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -8.58% over the past 6 months, with this year growth rate of -14.85%, compared to -5.30% for the industry. Revenue growth from the last financial year stood is estimated to be -1.00%.

3 analysts offering their estimates for the company have set an average revenue estimate of 54.7B for the current quarter. 3 have an estimated revenue figure of 55.56B for the next ending quarter. Year-ago sales stood 53.27B and 52.59B respectively for this quarter and the next, and analysts expect sales will grow by 2.70% for the current quarter and -1.00% 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 on 2024-Oct-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.79 at a share yield of 5.46%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.94%.

BP plc ADR (NYSE:BP)’s Major holders

Insiders own 0.00% of the company shares, while shares held by institutions stand at 11.61% with a share float percentage of 11.61%. Investors are also buoyed by the number of investors in a company, with BP plc ADR having a total of 1336.0 institutions that hold shares in the company. The top two institutional holders are FISHER ASSET MANAGEMENT, LLC with over 21.81 million shares worth more than $787.46 million. As of 2024-06-30, FISHER ASSET MANAGEMENT, LLC held 0.7813% of shares outstanding.

The other major institutional holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with the holding of over 21.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $785.46 million and represent 0.7793% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are DFA International Core Equity Portfolio and Vanguard Specialized-Energy Fund. As of Apr 30, 2024, the former fund manager holds about 0.13% shares in the company for having 3.57 shares of worth $116.69 million while later fund manager owns 3.12 shares of worth $102.01 million as of Apr 30, 2024, which makes it owner of about 0.11% of company’s outstanding stock.