In the latest trading session,, 2.18 million BP plc ADR (NYSE:BP) shares changed hands as the company’s beta touched 0.64. With the company’s most recent per share price at $31.01 changed hands at -$0.79 or -2.47% at last look, the market valuation stands at $82.76B. BP’s current price is a discount, trading about -31.7% off its 52-week high of $40.84. The share price had its 52-week low at $31.77, which suggests the last value was -2.45% down since then. When we look at BP plc ADR’s average trading volume, we note the 10-day average is 6.44 million shares, with the 3-month average coming to 6.74 million.
Analysts gave the BP plc ADR (BP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended BP as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. BP plc ADR’s EPS for the current quarter is expected to be 0.99.
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BP plc ADR (NYSE:BP) trade information
Instantly BP was in red as seen in intraday trades today. With action -5.64%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -12.39%, with the 5-day performance at -5.64% in the red. However, in the 30-day time frame, BP plc ADR (NYSE:BP) is -6.75% down. Looking at the short shares, we see there were 5.67 million shares sold at short interest cover period of 1.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 42.15, meaning bulls need an upside of 26.43% from its recent market value. According to analyst projections, BP’s forecast low is 31 with 59 as the target high. To hit the forecast high, the stock’s price needs a -90.26% plunge from its current level, while the stock would need to tank 0.03% for it to hit the projected low.
BP plc ADR (BP) estimates and forecasts
Data shows that the BP plc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.00% over the past 6 months, a -16.53% in annual growth rate that is considerably lower than the industry average of -6.70%. Year-over-year growth is forecast to reach -1.80% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 54.7B. 3 analysts are of the opinion that BP plc ADR’s revenue for the current quarter will be 55.56B. The company’s revenue for the corresponding quarters a year ago was 53.27B and 52.59B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.70%. The estimates for the next quarter sales put growth at 5.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.32%. The 2024 estimates are for BP plc ADR earnings to decrease by -13.16%.
BP Dividends
BP plc ADR is expected to release its next quarterly earnings report on 2024-Oct-29. The 5.77% annual yield figure for the share gives it an annual dividend of 1.79. It is important to note, however, that the 5.77% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.94 per year.
BP plc ADR (NYSE:BP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of BP plc ADR shares while 11.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.64%. There are 11.64% institutions holding the BP plc ADR stock share, with FISHER ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 0.7813% of the shares, roughly 21.81 million BP shares worth $787.46 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds the second largest percentage of outstanding shares, with 0.7793% or 21.76 million shares worth $785.46 million as of 2024-06-30.
