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2022-05-04

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

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

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

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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.</p><p>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.</p><p>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.</p><p>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.</p><p>BP Stock Price Predictions</p><ul><li>Wells Fargo has an“underweight” rating on BP stock and a price target of $29, implying a 7% decline from the current share price.</li><li>Raymond James has a“buy” rating on BP and a price target of $39 a share, suggesting 26% upside from current levels.</li><li>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.</li></ul><p>What’s Next</p><p>Among 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.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is BP Stock a Buy After Q1 Earnings? 3 Analysts Weigh In.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BP Stock a Buy After Q1 Earnings? 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/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP":"英国石油"},"source_url":"https://investorplace.com/2022/05/is-bp-stock-a-buy-after-q1-earnings-3-analysts-weigh-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199895628","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.","news_type":1},"isVote":1,"tweetType":1,"viewCount":455,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}