During the recent session, BP plc ADR (NYSE:BP)’s traded shares were 1.17 million, with the beta value of the company hitting 0.62. At the last check today, the stock’s price was $32.19, reflecting an intraday loss of -0.45% or -$0.15. The 52-week high for the BP share is $40.84, that puts it down -26.87 from that peak though still a striking 5.19% gain since the share price plummeted to a 52-week low of $30.52. The company’s market capitalization is $85.48B, and the average intraday trading volume over the past 10 days was 8.81 million shares, and the average trade volume was 7.68 million shares over the past three months.
BP plc ADR (BP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.28. BP has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.87.
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BP plc ADR (NYSE:BP) trade information
BP plc ADR (BP) registered a -0.45% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.45% in intraday trading to $32.19, hitting a weekly high. The stock’s 5-day price performance is -2.08%, and it has moved by 1.95% in 30 days. Based on these gigs, the overall price performance for the year is -16.70%. The short interest in BP plc ADR (NYSE:BP) is 10.51 million shares and it means that shorts have 1.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $42.15, which implies an increase of 23.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $31 and $59 respectively. As a result, BP is trading at a discount of -83.29% off the target high and 3.7% off the low.
BP plc ADR (BP) estimates and forecasts
Statistics show that BP plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. BP plc ADR (BP) shares have gone down -18.37% during the last six months, with a year-to-date growth rate less than the industry average at -21.34% against -7.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -23.70% this quarter and then drop -15.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 52.56B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 51.9B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 53.27B and 52.59B respectively. In this case, analysts expect current quarter sales to shrink by -1.30% and then drop by -1.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.32%. While earnings are projected to return -19.05% in 2024, the next five years will return -5.00% per annum.
BP Dividends
BP plc ADR is due to release its next quarterly earnings on 2024-Oct-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for BP plc ADR is 1.79, with the dividend yield indicating at 5.56 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.92%.
BP plc ADR (NYSE:BP)’s Major holders
BP plc ADR insiders own 0.00% of total outstanding shares while institutional holders control 11.89%, with the float percentage being 11.89%. FISHER ASSET MANAGEMENT, LLC is the largest shareholder of the company, while 1313.0 institutions own stock in it. As of 2024-06-30, the company held over 21.81 million shares (or 0.7813% of all shares), a total value of $787.46 million in shares.
The next largest institutional holding, with 21.76 million shares, is of ARROWSTREET CAPITAL, LIMITED PARTNERSHIP’s that is approximately 0.7793% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $785.46 million.
Also, the Mutual Funds coming in first place with the largest holdings of BP plc ADR (BP) shares are DFA International Core Equity Portfolio and Price (T.Rowe) Real Assets Trust I. Data provided on Jul 31, 2024 indicates that DFA International Core Equity Portfolio owns about 3.42 shares. This amounts to just over 0.13 percent of the company’s overall shares, with a $110.13 million market value. The same data shows that the other fund manager holds slightly less at 2.5, or about 0.09% of the stock, which is worth about $80.6 million.
