BP p.l.c. (NYSE: BP) is 11.45% higher on its value in year-to-date trading and has touched a low of $14.74 and a high of $36.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BP stock was last observed hovering at around $22.46 in the last trading session, with the day’s gains setting it 0.41% off its average median price target of $28.00 for the next 12 months. It is also 44.15% off the consensus price target high of $40.95 offered by 30 analysts, but current levels are -21.46% lower than the price target low of $18.83 for the same period.
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Currently trading at $22.87, the stock is 2.63% and 2.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.26 million and changing 1.83% at the moment leaves the stock 6.69% off its SMA200. BP registered -36.44% loss for a year compared to 6-month gain of 2.83%. The firm has a 50-day simple moving average (SMA 50) of $22.93 and a 200-day simple moving average (SMA200) of $20.38.
The stock witnessed a -7.82% loss in the last 1 month and extending the period to 3 months gives it a 14.06%, and is 7.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 2.83% over the month.
BP p.l.c. (BP) has around 70100 employees, a market worth around $75.93B and $180.37B in sales. Fwd P/E is 9.37. Profit margin for the company is -12.20%. Distance from 52-week low is 55.16% and -37.17% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
BP p.l.c. (BP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BP p.l.c. (BP) is a “Overweight”. 30 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 4 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
BP p.l.c. is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $51.33B over the same period.The EPS is expected to shrink by -57.20% this year, but quarterly earnings will post 28.50% year-over-year. Quarterly sales are estimated to shrink -13.90% in year-over-year returns.
BP p.l.c. (BP) Top Institutional Holders
962 institutions hold shares in BP p.l.c. (BP), with 67.44k shares held by insiders accounting for 0.00% while institutional investors hold 8.24% of the company’s shares. The shares outstanding are 3.38B, and float is at 3.35B with Short Float at 0.28%. Institutions hold 8.24% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 28.77 million shares valued at $502.33 million. The investor’s holdings represent 0.85% of the BP Shares outstanding. As of Sep 29, 2020, the second largest holder is Dimensional Fund Advisors LP with 13.73 million shares valued at $239.8 million to account for 0.40% of the shares outstanding. The other top investors are Fisher Asset Management, LLC which holds 10.93 million shares representing 0.32% and valued at over $224.33 million, while Wellington Management Company, LLP holds 0.30% of the shares totaling 10.27 million with a market value of $179.33 million.
BP p.l.c. (BP): Who are the competitors?
The company’s main competitors (and peers) include Eni S.p.A. (E) that is trading -19.88% down over the past 12 months. Exxon Mobil Corporation (XOM) is -12.51% down on the 1-year trading charts. Short interest in the company’s stock has risen 32.2% from the last report on Dec 30, 2020 to stand at a total of 6.38 million short shares sold with a short interest ratio of 0.6.