BP plc ADR (NYSE: BP) Has Yet To Win Over Analysts?

BP plc ADR (NYSE:BP) traded at $32.78 at last check on current trade day and made a downward move of -3.47% on its previous day’s price.

Looking at the stock we see that its previous close was $33.96 and the beta (5Y monthly) reads 0.492 with the day’s price range being $32.724 – $33.065. The company has a trailing 12-month PE ratio of 12.96. In terms of its 52-week price range, BP has a high of $40.84 and a low of $32.51. The company’s stock has lost about -3.81% over that past 30 days.

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BP plc ADR has a market cap of $88.83 billion and is expected to release its quarterly earnings report on 2024-Oct-29. With its Forward Dividend at 1.79 and a yield of 5.46%, the company’s investors could be anxious for the BP stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.99, with the EPS growth for the year raised at 4.16 for current year and 4.16 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 54.7B, with a low of 45.64B and a high of 68.05B. The median projection represents growth squeezing down to 2.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 210.97B, or -1.00% down from figures reported last year.

On the other hand, looking at the outlook for the BP stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the BP plc ADR (BP) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -2.89% off its SMA20 and -5.81% from its 50-day simple moving average. The RSI (14) is pointing at 35.45 while the volatility over the past week is 0.99% and jumps to 1.17% over the past one month. The beta value is 0.63, while the average true range (ATR) is currently pointing at 0.58. The average price target for the stock over the next 12 months is $42.15, with the estimates having a low of $31 and a high of $59. These price ends are 5.43% and -79.99% off the today’s price level respectively, although investors could be excited at the prospect of a -28.58% if the BP share price touches on the median price of $42.15.

Coming back to BP plc ADR (NYSE:BP), we note that the average 3-month trading volume was 6.74 million, while that of the preceding 10-day period stands at 4.88 million. Current shares outstanding are 2.80 billion.

The insiders hold 0.00% of the company’s shares while institutions hold 11.63%. The data shows that short shares as of 2024-08-15, stood at 5.67 million at a short ratio of 1.22. Shares short fall in August from the previous month at 5.87 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -7.40% down in year-to-date price movement.

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