BP Stock Forecast, Price & News

BP's stock was trading at $24.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BP stock has decreased by 23.4% and is now trading at $18.88.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BP in the last year. There are currently 3 sell ratings, 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for BP.

BP is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for BP.

BP plc (NYSE:BP) issued its quarterly earnings results on Tuesday, August, 4th. The oil and gas exploration company reported ($1.98) EPS for the quarter, missing analysts' consensus estimates of ($0.99) by $0.99. The oil and gas exploration company had revenue of $31.68 billion for the quarter, compared to analysts' expectations of $38.70 billion. BP had a negative return on equity of 1.14% and a negative net margin of 9.45%. The company's quarterly revenue was down 56.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share.
View BP's earnings history.

BP announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.31 per share on Friday, September 25th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Thursday, August 13th.
View BP's dividend history.

21 analysts have issued twelve-month price targets for BP's stock. Their forecasts range from $21.00 to $47.00. On average, they expect BP's stock price to reach $30.24 in the next year. This suggests a possible upside of 60.2% from the stock's current price.
View analysts' price targets for BP.

News stories about BP stock have trended neutral recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. BP earned a coverage optimism score of 0.0 on InfoTrie's scale. They also gave headlines about the oil and gas exploration company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the next several days.
View the latest news about BP.

BP saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,060,000 shares, a drop of 25.4% from the July 30th total of 9,470,000 shares. Based on an average daily trading volume, of 10,800,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.
View BP's Short Interest.

Some companies that are related to BP include Exxon Mobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.B), Equinor ASA (EQNR), China Petroleum & Chemical (SNP), ConocoPhillips (COP), Phillips 66 (PSX), Marathon Petroleum (MPC), Suncor Energy (SU), Valero Energy (VLO), Hess (HES), Repsol (REPYY), HollyFrontier (HFC), Sunoco (SUN) and YPF (YPF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other BP investors own include AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), Chevron (CVX), Verizon Communications (VZ), Bank of America (BAC), Intel (INTC), General Electric (GE), AbbVie (ABBV) and Cisco Systems (CSCO).

BP trades on the New York Stock Exchange (NYSE) under the ticker symbol "BP."

BP's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (0.49%), Fisher Asset Management LLC (0.30%), Bank of America Corp DE (0.29%), Raymond James & Associates (0.10%), Federated Hermes Inc. (0.08%) and ValueAct Holdings L.P. (0.08%).

BP stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, Federated Hermes Inc., Russell Investments Group Ltd., Raymond James & Associates, Manning & Napier Group LLC, Captrust Financial Advisors, and Advisor Group Holdings Inc..

BP stock was bought by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, SPX Equities Gestao de Recursos Ltda, Fisher Asset Management LLC, Natixis Advisors L.P., Klingenstein Fields & Co. LLC, Kahn Brothers Group Inc. DE, Cubist Systematic Strategies LLC, and Financial Partners Capital Management LLC.

Shares of BP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BP stock can currently be purchased for approximately $18.88.

BP has a market capitalization of $63.75 billion and generates $282.62 billion in revenue each year. The oil and gas exploration company earns $4.03 billion in net income (profit) each year or $2.95 on an earnings per share basis. BP employs 70,100 workers across the globe.

The official website for BP is www.bp.com.

BP's mailing address is 1 ST JAMES`S SQUARE, LONDON X0, SW1Y 4PD. The oil and gas exploration company can be reached via phone at 44-0-20-7496-5311 or via email at [email protected]