Free Trial

BP (BP) Stock Forecast & Price Target

BP logo
$30.34 +0.24 (+0.80%)
(As of 12/11/2024 ET)

BP - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
11
Buy
8

Based on 19 Wall Street analysts who have issued ratings for BP in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 11 have given a hold rating, 4 have given a buy rating, and 4 have given a strong buy rating for BP.

Consensus Price Target

$42.48
40.00% Upside
According to the 19 analysts' twelve-month price targets for BP, the average price target is $42.48. The highest price target for BP is $57.00, while the lowest price target for BP is $31.00. The average price target represents a forecasted upside of 40.00% from the current price of $30.34.
Get the Latest News and Ratings for BP and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for BP and its competitors.

Sign Up

BP Analyst Ratings Over Time

TypeCurrent Forecast
12/12/23 to 12/11/24
1 Month Ago
11/12/23 to 11/11/24
3 Months Ago
9/13/23 to 9/12/24
1 Year Ago
12/12/22 to 12/12/23
Strong Buy
4 Strong Buy rating(s)
4 Strong Buy rating(s)
3 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
11 Hold rating(s)
11 Hold rating(s)
8 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$42.48$42.73$44.23$43.50
Forecasted Upside40.00% Upside47.74% Upside40.00% Upside25.14% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

BP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

BP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

BP Stock vs. The Competition

TypeBPOils/Energy CompaniesS&P 500
Consensus Rating Score
2.63
2.62
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside40.74% Upside1,924.29% Upside9.46% Upside
News Sentiment Rating
Neutral News

See Recent BP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/9/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$33.00 ➝ $31.00+2.79%
10/11/2024The Goldman Sachs Group
2 of 5 stars
M. Vigna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
10/10/2024Scotiabank
5 of 5 stars
P. Cheng
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeSector Outperform ➝ Sector Perform$42.00 ➝ $36.00+12.57%
10/9/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating
L. Herrmann
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOutperform ➝ Neutral
9/24/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating
P. Low
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeBuy ➝ Neutral
8/8/2024Hsbc Global Res
Subscribe to MarketBeat All Access for the recommendation accuracy rating
K. Fustier
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
8/8/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
8/7/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
B. Borkhataria
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOutperform ➝ Sector Perform
8/1/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
W. Selesky
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
7/31/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
S. Richardson
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/31/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
L. Rainforth
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/30/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
J. Stone. H
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/18/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
D. Leggate
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageOutperform$57.00+60.84%
7/17/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutral ➝ Neutral$43.00 ➝ $43.00+23.28%
7/15/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOverweight ➝ Equal Weight$49.90 ➝ $41.50+17.93%
6/14/2024Erste Group Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Hold
5/8/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$43.00 ➝ $44.00+17.80%
4/15/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$42.00 ➝ $45.00+14.77%
3/4/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy$38.60 ➝ $42.30+18.69%
11/1/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeNeutral ➝ Underweight
10/6/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy
5/3/2023DZ Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
5/3/2023AlphaValue
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSell
2/23/2023Berenberg Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
2/8/2023Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform$48.00 ➝ $53.00+40.40%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:28 PM ET.


Should I Buy BP Stock? BP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, December 7, 2024. Please send any questions or comments about these BP pros and cons to contact@marketbeat.com.

BP
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in BP p.l.c.:

  • BP p.l.c. recently reported earnings per share (EPS) of $0.83, exceeding analysts' expectations of $0.78, indicating strong financial performance.
  • The company has a current dividend yield of 6.62%, which is attractive for income-focused investors. The quarterly dividend of $0.48 per share reflects a commitment to returning value to shareholders.
  • With a market capitalization of $82.22 billion, BP p.l.c. is a significant player in the oil and gas sector, providing stability and potential for growth.
  • The stock is currently trading at $30.31, which is below its 1-year high of $40.40, suggesting potential for price appreciation as the market recovers.
  • BP p.l.c. has a relatively low debt-to-equity ratio of 0.66, indicating a manageable level of debt compared to its equity, which can be a sign of financial health.

BP
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in BP p.l.c. for these reasons:

  • The company experienced a revenue decline of 11.3% compared to the same quarter last year, which may raise concerns about its growth prospects.
  • BP p.l.c. has a high dividend payout ratio of 200.00%, which suggests that it is returning more cash to shareholders than it is earning, potentially unsustainable in the long term.
  • Analysts have mixed ratings on BP p.l.c., with several downgrades, indicating uncertainty in the stock's future performance.
  • The stock's beta of 0.65 suggests lower volatility compared to the market, which may limit potential gains during bullish market conditions.
  • With a PE ratio of 31.88, the stock may be considered overvalued compared to its earnings, which could deter value investors.

BP Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for BP is $42.48, with a high forecast of $57.00 and a low forecast of $31.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BP in the last year. There are currently 11 hold ratings, 4 buy ratings and 4 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BP shares.

According to analysts, BP's stock has a predicted upside of 40.00% based on their 12-month stock forecasts.

Over the previous 90 days, BP's stock had 3 downgrades and 1 upgrade by analysts.

BP has been rated by research analysts at BNP Paribas, Redburn Atlantic, Scotiabank, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

Analysts like BP more than other "oils/energy" companies. The consensus rating score for BP is 2.63 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how BP compares to other companies.


This page (NYSE:BP) was last updated on 12/11/2024 by MarketBeat.com Staff
From Our Partners