BP p.l.c. (BP) Analysis & Forecast for 2021

BP p.l.c. (NYSE: BP) is 23.29% higher on its value in year-to-date trading and has touched a low of $14.74 and a high of $34.24 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 $24.23 in the last trading session, with the day’s gains setting it 1.07% off its average median price target of $28.00 for the next 12 months. It is also 38.22% off the consensus price target high of $40.95 offered by 30 analysts, but current levels are -27.2% lower than the price target low of $19.89 for the same period.

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Currently trading at $25.30, the stock is 13.60% and 12.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.36 million and changing 4.42% at the moment leaves the stock 18.05% off its SMA200. BP registered -23.17% loss for a year compared to 6-month gain of 15.47%. The firm has a 50-day simple moving average (SMA 50) of $23.08 and a 200-day simple moving average (SMA200) of $20.39.

The stock witnessed a 9.67% loss in the last 1 month and extending the period to 3 months gives it a 29.81%, and is 7.29% 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 3.43% over the week and 3.03% over the month.

BP p.l.c. (BP) has around 70100 employees, a market worth around $84.00B and $180.37B in sales. Fwd P/E is 10.36. Profit margin for the company is -12.20%. Distance from 52-week low is 71.64% and -26.11% 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 37.50% 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 28.4 million shares valued at $582.85 million. The investor’s holdings represent 0.84% of the BP Shares outstanding. As of Dec 30, 2020, the second largest holder is Arrowstreet Capital, Limited Partnership with 20.74 million shares valued at $425.52 million to account for 0.61% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 13.68 million shares representing 0.40% and valued at over $280.76 million, while Fisher Asset Management, LLC holds 0.32% of the shares totaling 10.93 million with a market value of $224.33 million.

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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 -8.53% down over the past 12 months. Exxon Mobil Corporation (XOM) is 4.61% up 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.

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