BP (BP) Stock Forecast & Price Target

$32.43

-0.12 (-0.37%)

(As of 09/18/2024 ET)

BP - Analysts' Recommendations and Stock Price Forecast (2024)

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 18 Analyst Ratings

Based on 18 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 18 analysts, 1 has given a sell rating, 8 have given a hold rating, 6 have given a buy rating, and 3 have given a strong buy rating for BP.

Consensus Price Target

$44.23
36.37% Upside

High Forecast	$57.00
Average Forecast	$44.23
Low Forecast	$39.00

According to the 18 analysts' twelve-month price targets for BP, the average price target is $44.23. The highest price target for BP is $57.00, while the lowest price target for BP is $39.00. The average price target represents a forecasted upside of 36.37% from the current price of $32.43.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$44.23	$44.23	$43.88	$44.17
Forecasted Upside	36.37% Upside	22.75% Upside	15.04% Upside	19.39% Upside

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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	2.61	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	36.37% Upside	204.88% Upside	7.94% Upside
News Sentiment Rating	Neutral 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
8/8/2024	Hsbc Global Res 0 of 5 stars	K. Fustier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/8/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold
8/7/2024	Royal Bank of Canada 4 of 5 stars	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
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7/31/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$41.00 ➝ $39.00	+10.42%
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%
7/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$43.00 ➝ $43.00	+23.28%
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%
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$47.00 ➝ $42.00	+19.35%
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%
12/6/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 527 ➝ GBX 549

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:48 PM ET.

BP Forecast - Frequently Asked Questions

What is BP's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for BP is $44.23, with a high forecast of $57.00 and a low forecast of $39.00.
Should I buy or sell BP stock right now?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BP in the last twelve months. There is currently 1 sell rating, 8 hold ratings, 6 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BP shares.
Does BP's stock price have much upside?: According to analysts, BP's stock has a predicted upside of 22.75% based on their 12-month stock forecasts.
Has BP been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, BP's stock had 5 upgrades and 3 downgrades by analysts.
What analysts cover BP?: BP has been rated by research analysts at Argus, Barclays, Evercore ISI, Hsbc Global Res, HSBC, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Scotiabank, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like BP more than its competitors?: Analysts like BP more than other "oils/energy" companies. The consensus rating score for BP is 2.61 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how BP compares to other companies.