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NYSE:BP

BP (BP) Stock Price, News & Analysis

BP logo
$28.16 -0.76 (-2.63%)
(As of 11/12/2024 ET)

About BP Stock (NYSE:BP)

Key Stats

Today's Range
$28.03
$28.58
50-Day Range
$28.92
$33.14
52-Week Range
$28.03
$40.40
Volume
14.62 million shs
Average Volume
8.49 million shs
Market Capitalization
$76.39 billion
P/E Ratio
29.64
Dividend Yield
6.75%
Price Target
$42.73
Consensus Rating
Moderate Buy

Company Overview

BP, plc, once known as British Petroleum, is one of the world’s 7 oil & gas supermajors with operations spanning the globe. In terms of revenue, it ranks 4th on the list and the company is vertically integrated as well with operations in all segments of the oil and gas sector. Operations are currently underway in 80 countries around the world, the company can produce 3.7 million barrels of oil equivalents per day, and it lays claim to nearly 20 billion barrels in proven reserves. On the retail end of the business, the company operates more than 18,700 fuel stations and its largest segment is in the US.

The company was founded in 1908 with the purpose of exploring for and producing oil in the middle east. The company expanded into Alaska in 1959 and then accelerated its expansion when it merged with Amoco in 1998. Another merger with Burhman Castrol in 2000 created the company that is traded today.

BP, plc rebranded itself in 2000 giving new meaning to its name. The once British Petroleum is now “Beyond Petroleum” and focused on a major shift in its business. The company is working hard to move away from non-renewable carbon-based energy and into biofuels, solar, and wind. The company hopes to be net-zero in regard to carbon emissions and production by 2050 or earlier and is well on the way to doing so. Among the many avenues of advance are the build-out of solar and wind farms as well as the expansion of a major EV charging network. The network totaled more than 9,000 stations around the middle of 2022 and expansion was ramping in order to meet the goal of 100,000 EV stations before 2050.

BP p.l.c. currently operates through 4 segments including Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. The company produces and trades in natural gas and oil liquids, offers biofuels, and operates wind and solar power generating facilities. The company also provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage, as part of its green agenda.

In addition, it produces and refines oil and gas for its downstream operations as well as invests in upstream, downstream, and alternative energy companies including advanced mobility. Advanced mobility is the future of transportation and includes technologies like EV, hybrid, and hydrogen fuel cells. To that end, the company is building 7 hydrogen production and storage hubs in key locations around the world. The company aims to produce blue and green hydrogen for the global transportation industry with production beginning in 2027. Blue hydrogen is hydrogen captured from the company’s natural gas deposits using a process that captures the waste carbon.

BP Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

BP MarketRank™: 

BP scored higher than 85% of companies evaluated by MarketBeat, and ranked 65th out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    BP has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 4 buy ratings, 11 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    BP has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about BP's stock forecast and price target.
  • Earnings Growth

    Earnings for BP are expected to grow by 11.68% in the coming year, from $3.68 to $4.11 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of BP is 29.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of BP is 29.64, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.94.

  • Price to Earnings Growth Ratio

    BP has a PEG Ratio of 1.97. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    BP has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about BP's valuation and earnings.
  • Percentage of Shares Shorted

    0.39% of the float of BP has been sold short.
  • Short Interest Ratio / Days to Cover

    BP has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in BP has recently increased by 30.47%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    BP is a leading dividend payer. It pays a dividend yield of 6.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    BP does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of BP is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, BP will have a dividend payout ratio of 46.23% next year. This indicates that BP will be able to sustain or increase its dividend.

  • Read more about BP's dividend.
  • Percentage of Shares Shorted

    0.39% of the float of BP has been sold short.
  • Short Interest Ratio / Days to Cover

    BP has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in BP has recently increased by 30.47%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    BP has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for BP this week, compared to 19 articles on an average week.
  • Search Interest

    Only 100 people have searched for BP on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • MarketBeat Follows

    29 people have added BP to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, BP insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of BP is held by insiders.

  • Percentage Held by Institutions

    Only 11.01% of the stock of BP is held by institutions.

  • Read more about BP's insider trading history.
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BP Stock News Headlines

5 Energy Dividends Up to 7.9%
If you’re reading this, I assume you are already bullish on oil. Or at least intrigued by the upside possibility. And why not? There are three reasons
BP Stock: Out Of The Doghouse (Rating Upgrade)
Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners
Trump quietly left open an "off the books" wealth-protection loophole hidden in the 6,871 pages of the IRS Tax Code… And since then… "In the know" patriots have quietly used this same "Trump revenge loophole" to shield their life savings from Bidenomics…
BP Rangers prospect list out
See More Headlines

BP Stock Analysis - Frequently Asked Questions

BP's stock was trading at $35.40 at the start of the year. Since then, BP shares have decreased by 20.5% and is now trading at $28.16.
View the best growth stocks for 2024 here
.

BP p.l.c. (NYSE:BP) announced its quarterly earnings results on Tuesday, October, 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.05. The business's revenue was down 11.3% on a year-over-year basis.

BP subsidiaries include these companies: Amply Power, Blueprint Power, Open Energi, Thorntons, Finite Carbon, bp pulse, Fotech Solutions Ltd, and others.

Top institutional investors of BP include IMC Chicago LLC, Wedge Capital Management L L P NC (0.23%), Janney Capital Management LLC (0.02%) and Kornitzer Capital Management Inc. KS (0.02%).
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that BP investors own include BlackRock (BLK), Chevron (CVX), Broadcom (AVGO), UnitedHealth Group (UNH), The Goldman Sachs Group (GS), ServiceNow (NOW) and Bristol-Myers Squibb (BMY).

Company Calendar

Ex-Dividend for 9/20 Dividend
8/09/2024
Dividend Payable
9/20/2024
Last Earnings
10/29/2024
Ex-Dividend for 12/20 Dividend
11/08/2024
Today
11/12/2024
Dividend Payable
12/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Petroleum And Natural Gas
Employees
87,800
Year Founded
1909

Price Target and Rating

Average Stock Price Target
$42.73
High Stock Price Target
$57.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+52.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
19 Analysts

Profitability

Net Income
$15.24 billion
Pretax Margin
4.21%

Debt

Sales & Book Value

Annual Sales
$213.03 billion
Cash Flow
$10.11 per share
Book Value
$29.47 per share

Miscellaneous

Outstanding Shares
2,712,560,000
Free Float
2,685,431,000
Market Cap
$76.25 billion
Optionable
Optionable
Beta
0.65

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