In today’s recent session, 5.36 million shares of the BP plc ADR (NYSE:BP) have been traded, and its beta is 0.62. Most recently the company’s share price was $29.83, and it changed around -$1.22 or -3.93% from the last close, which brings the market valuation of the company to $79.20B. BP at last check was trading at a discount to its 52-week high of $40.40, offering almost -35.43% off that amount. The share price’s 52-week low was $30.52, which indicates that the recent value has fallen by an impressive -2.31% since then. We note from BP plc ADR’s average daily trading volume that its 10-day average is 7.21 million shares, with the 3-month average coming to 7.74 million.
BP plc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended BP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. BP plc ADR is expected to report earnings per share of 0.76 for the current quarter.
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BP plc ADR (NYSE:BP) trade information
Instantly BP has been showing red trend so far today with a performance of -3.93% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 31.68 on recent trading dayincreased the stock’s daily price by 5.84%. The company’s shares are currently down -15.73% year-to-date, but still down -5.54% over the last five days. On the other hand, BP plc ADR (NYSE:BP) is -4.97% down in the 30-day period. We can see from the shorts that 8.04 million shares have been sold at a short interest cover period of 1.19 day(s).
The consensus price target as assigned by Wall Street analysts is $42.15, which translates to bulls needing to increase their stock price by 29.23% from its current value. Analyst projections state that BP is forecast to be at a low of $31 and a high of $59.
BP plc ADR (BP) estimates and forecasts
BP plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.06 percent over the past six months and at a -22.18% annual growth rate that is well below the industry average of -7.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -33.30% in revenue this quarter, and will report a decrease of -16.80% in the next quarter. The year-over-year growth rate is expected to be -3.40%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 52.56B in revenue for the current quarter. 3 analysts expect BP plc ADR to make 51.9B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 53.27B and 52.59B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.30%. Forecasts for the next quarter put sales growth at -1.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.32%. BP plc ADR earnings are expected to increase by -21.69% in 2024, but the outlook is negative -1.50% per year for the next five years.
BP Dividends
BP plc ADR’s next quarterly earnings report is expected to be released on 2024-Oct-29. The annual dividend yield of the stock is 6.00 percent and its annual dividend per share was 1.79. It is important to note, however, that the 6.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.92 per year.
BP plc ADR (NYSE:BP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.00% of BP plc ADR shares, and 12.14% of them are in the hands of institutional investors. The stock currently has a share float of 12.14%. BP plc ADR stock is held by 1287.0 institutions, with FISHER ASSET MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.7813% of the shares, which is about 21.81 million shares worth $787.46 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with 0.7793% or 21.76 million shares worth $785.46 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
DFA International Core Equity Portfolio and Price (T.Rowe) Real Assets Trust I were the top two Mutual Funds as of Jul 31, 2024. The former held 3.42 shares worth $102.12 million, making up 0.13% of all outstanding shares. On the other hand, Price (T.Rowe) Real Assets Trust I held roughly 2.5 shares worth around $74.74 million, which represents about 0.09% of the total shares outstanding.
