Is BP Stock a Buy After Q1 Earnings? 3 Analysts Weigh In.

InvestorPlace2022-05-04

British Petroleum(NYSE:BP) stock is up more than 8% today after the oil producer reported its strongest quarterly results in more than a decade.BP’sstrong quarter was due to elevated oil prices that ...

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Comments

Denovo
2022-05-04
Denovo
Ok
pohpohpoh
2022-05-04
pohpohpoh
Thanks
Ahdesfrmsg
2022-05-04
Ahdesfrmsg
Ok
CIG
2022-05-04
CIG
Hope it goes up and trigger my Call option placed.
Ahsiang
2022-05-04
Ahsiang
Chiong arrrrrrrrrrrrrr
PoofyMush
2022-05-04
PoofyMush
Latest

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3 Analysts Weigh In.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/is-bp-stock-a-buy-after-q1-earnings-3-analysts-weigh-in/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>British Petroleum(NYSE:BP) stock is up more than 8% today after the oil producer reported its strongest quarterly results in more than a decade.BP’sstrong quarter was due to elevated oil prices that ...</p>\n\n<a href=\"https://investorplace.com/2022/05/is-bp-stock-a-buy-after-q1-earnings-3-analysts-weigh-in/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BP","symbol_name":"英国石油","start_time":0,"source_url":"https://investorplace.com/2022/05/is-bp-stock-a-buy-after-q1-earnings-3-analysts-weigh-in/","article_id":"1199895628","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199895628","pubTimestamp":1651629874,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Here’s what three analysts have to say.BP Stock Price PredictionsWells Fargo has an“underweight” ratingon BP stock and a price target of $29, implying a 7% decline from the current share price.Raymond James has a“buy” ratingon BP and a price target of $39 a share, suggesting 26% upside from current levels.Morgan Stanleymaintains an“overweight” ratingon BP stock with a price target of $35, which would be 13% higher than where the shares currently trade.What’s NextAmong 26 professional analysts wh","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BP":"英国石油"},"translate_title":"在第一季度盈利后，英国石油公司的股票是买进的吗？3名分析师参与其中。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":0.9},"content_text":"British Petroleum(NYSE:BP) stock is up more than 8% today after the oil producer reported its strongest quarterly results in more than a decade.BP’sstrong quarter was due to elevated oil prices that continue to trade above $100 per barrel. Investors should also note that it achieved these results despite taking a $24 billion writedown from exiting its operations within Russia following that country’s invasion of Ukraine.The non-cash write-down of its 19.75% stake in the Rosneft oil project in Russia pushed BP into a quarterly loss of $20.4 billion, its biggest ever. This loss was lower than BP’s initial estimates of $25 billion. Additionally, BP still reported net earnings of $6.2 billion in the first quarter. This was the strongest net profit figure since 2008.Adding to the positive news, BP announced that it is accelerating its quarterly stock repurchases to $2.5 billion before the end of the current second quarter. The company previously said it would buy back $1.5 billion on a quarterly basis.So, given the better-than-expected results and share repurchase program, is BP stock a buy following earnings? Here’s what three analysts have to say.BP Stock Price PredictionsWells Fargo has an“underweight” rating on BP stock and a price target of $29, implying a 7% decline from the current share price.Raymond James has a“buy” rating on BP and a price target of $39 a share, suggesting 26% upside from current levels.Morgan Stanley maintains an“overweight” rating on BP stock with a price target of $35, which would be 13% higher than where the shares currently trade.What’s NextAmong 26 professional analysts who cover BP stock, the median price target is currently $35.90, which implies 16% upside from current levels. A majority of analysts consider BP stock to be a “buy” and that investors should make money on the company’s shares. Keep in mind that analyst ratings are usually revised following a company’s quarterly results, and that energy prices remain volatile as the war in Ukraine drags into a third month.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9061537694,"gmtCreate":1651639620667,"gmtModify":1676534941356,"author":{"id":"3555142417454196","authorId":"3555142417454196","name":"Denovo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555142417454196","authorIdStr":"3555142417454196"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061537694","repostId":1199895628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9061508472,"gmtCreate":1651636161101,"gmtModify":1676534940670,"author":{"id":"4099386988790120","authorId":"4099386988790120","name":"pohpohpoh","avatar":"https://community-static.tradeup.com/news/dffe925817add7124eb202307b15b422","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099386988790120","authorIdStr":"4099386988790120"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061508472","repostId":1199895628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9061246931,"gmtCreate":1651632745153,"gmtModify":1676534940149,"author":{"id":"4091358583248150","authorId":"4091358583248150","name":"Ahdesfrmsg","avatar":"https://static.tigerbbs.com/1c7beb9d76c8c0b998733ae7bb8974d8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4091358583248150","authorIdStr":"4091358583248150"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061246931","repostId":1199895628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9061250495,"gmtCreate":1651630647643,"gmtModify":1676534939863,"author":{"id":"3583974841960176","authorId":"3583974841960176","name":"CIG","avatar":"https://static.tigerbbs.com/6c2077e2370e1ffcaca7e29b875be2be","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3583974841960176","authorIdStr":"3583974841960176"},"htmlText":"Hope it goes up and trigger my Call option placed.","listText":"Hope it goes up and trigger my Call option placed.","text":"Hope it goes up and trigger my Call option placed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061250495","repostId":1199895628,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9061250399,"gmtCreate":1651630606790,"gmtModify":1676534939837,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582617881962608","authorIdStr":"3582617881962608"},"htmlText":"Chiong arrrrrrrrrrrrrr","listText":"Chiong arrrrrrrrrrrrrr","text":"Chiong arrrrrrrrrrrrrr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061250399","repostId":1199895628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9061226538,"gmtCreate":1651630095708,"gmtModify":1676534939629,"author":{"id":"3580945513061621","authorId":"3580945513061621","name":"PoofyMush","avatar":"https://static.tigerbbs.com/1929d6ecf6c469f77506ca4e41fae0bf","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3580945513061621","authorIdStr":"3580945513061621"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061226538","repostId":1199895628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":153,"commentSize":8,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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