BP (BP) Stock Forecast & Price Target

$28.60 +0.19 (+0.67%)

(As of 12/20/2024 05:45 PM 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

Moderate Buy

Based on 19 Analyst Ratings

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

$41.10
43.71% Upside

According to the 19 analysts' twelve-month price targets for BP, the average price target is $41.10. 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 43.71% from the current price of $28.60.

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BP Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
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	$41.10	$42.73	$44.23	$43.50
Forecasted Upside	43.71% Upside	44.83% Upside	35.49% Upside	23.12% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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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.

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.

BP Stock vs. The Competition

Type	BP	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.63	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	43.71% Upside	1,671.86% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent BP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$36.00 ➝ $32.00	+12.36%
12/9/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$33.00 ➝ $31.00	+2.79%
10/11/2024	The Goldman Sachs Group 2 of 5 stars	M. Vigna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Cheng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$42.00 ➝ $36.00	+12.57%
10/9/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Herrmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral
9/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Low Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
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8/8/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Fustier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/7/2024	Royal 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	Downgrade	Outperform ➝ Sector Perform
8/1/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Rainforth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Stone. H Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$57.00	+60.84%
7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$49.90 ➝ $41.50	+17.93%
6/14/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
5/8/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$43.00 ➝ $44.00	+17.80%
4/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$42.00 ➝ $45.00	+14.77%
3/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$38.60 ➝ $42.30	+18.69%
11/1/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight
10/6/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
5/3/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
5/3/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell
2/23/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/8/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Saturday at 10:50 AM 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 Sunday, December 15, 2024. Please send any questions or comments about these BP pros and cons to contact@marketbeat.com.

BP
Bull Case

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 declared a quarterly dividend of $0.48 per share, translating to an annualized dividend of $1.92 and a yield of approximately 6.63%, which can provide a steady income stream for investors.
With a market capitalization of $78.61 billion, BP p.l.c. is a significant player in the oil and gas sector, which may offer stability and growth potential.
The stock is currently trading at $28.98, which is near its 12-month low of $27.82, potentially presenting a buying opportunity for investors looking for value.
Analysts have given BP p.l.c. an average rating of "Moderate Buy" with a target price of $42.73, suggesting potential upside for investors.

BP
Bear Case

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

BP p.l.c. experienced a revenue decline of 11.3% compared to the same quarter last year, which may indicate challenges in maintaining sales growth.
The company's net margin is relatively low at 1.36%, suggesting that profitability could be a concern, especially in a competitive market.
With a debt-to-equity ratio of 0.66, BP p.l.c. has a moderate level of debt, which could pose risks if market conditions worsen or interest rates rise.
The quick ratio of 0.94 indicates that BP p.l.c. may have difficulty meeting short-term liabilities, which could affect liquidity and operational flexibility.
Recent analyst downgrades, such as Scotiabank lowering its rating from "sector outperform" to "sector perform," may reflect growing caution about the company's future performance.

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 $41.10, 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 43.71% 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, Piper Sandler, 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 2.63. Learn more on how BP compares to other companies.

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This page (NYSE:BP) was last updated on 12/21/2024 by MarketBeat.com Staff

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BP (BP) Stock Forecast & Price Target