BP plc ADR (NYSE:BP)’s traded shares stood at 4.46 million during the last session, with the company’s beta value hitting 0.62. At the close of trading, the stock’s price was $31.52, to imply an increase of 0.70% or $0.22 in intraday trading. The BP share’s 52-week high remains $40.40, putting it -28.17% down since that peak but still an impressive 3.17% since price per share fell to its 52-week low of $30.52. The company has a valuation of $83.69B, with an average of 6.57 million shares in intraday trading volume over the past 10 days and average of 7.68 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for BP plc ADR (BP), translating to a mean rating of 2.27. Of 12 analyst(s) looking at the stock, 0 analyst(s) give BP a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.76.
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BP plc ADR (NYSE:BP) trade information
After registering a 0.70% upside in the last session, BP plc ADR (BP) has traded red over the past five days. The 5-day price performance for the stock is 0.61%, and 2.37% over 30 days. With these gigs, the year-to-date price performance is -10.96%. Short interest in BP plc ADR (NYSE:BP) saw shorts transact 10.51 million shares and set a 1.19 days time to cover.
The extremes give us $31 and $59 for target low and target high price respectively. As such, BP has been trading -87.18% off suggested target high and 1.65% from its likely low.
BP plc ADR (BP) estimates and forecasts
Looking at statistics comparing BP plc ADR share performance against respective industry, we note that the company has underperformed competitors. BP plc ADR (BP) shares are -20.14% down over the last 6 months, with its year-to-date growth rate lower than industry average at -21.97% against -7.10%. Revenue is forecast to shrink -33.30% this quarter before falling -16.80% for the next one. The rating firms project that company’s revenue will shrink -3.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 52.56B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 51.9B.Earnings reports from the last fiscal year show that sales brought in 53.27B and 52.59B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.30% before dropping -1.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 13.32% for the past 5-year period. While 2024 is set for a -21.69% return in earnings, projections for the next 5 years are at -1.50% annually.
BP Dividends
BP plc ADR has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. BP plc ADR has a forward dividend ratio of 1.79, with the share yield ticking at 5.67% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 5.92%.
BP plc ADR (NYSE:BP)’s Major holders
BP plc ADR insiders hold 0.00% of total outstanding shares, with institutional holders owning 12.13% of the shares at 12.13% float percentage. In total, 12.13% institutions holds shares in the company, led by FISHER ASSET MANAGEMENT, LLC. As of 2024-06-30, the company held over 21.81 million shares (or 0.7813% of shares), all amounting to roughly $787.46 million.
The next major institution holding the largest number of shares is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 21.76 million shares, or about 0.7793% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $785.46 million.
We also have DFA International Core Equity Portfolio and Price (T.Rowe) Real Assets Trust I as the top two Mutual Funds with the largest holdings of the BP plc ADR (BP) shares. Going by data provided on Jul 31, 2024 , DFA International Core Equity Portfolio holds roughly 3.42 shares. This is just over 0.13% of the total shares, with a market valuation of $107.72 million. Data from the same date shows that the other fund manager holds a little less at 2.5, or 0.09% of the shares, all valued at about 78.84 million.
