BP p.l.c. (BP) Stock Forecast, Price Target & Predictions
BP Stock Forecast
BP p.l.c. stock forecast is as follows: an average price target of $43.18 (represents a 35.36% upside from BP’s last price of $31.90) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
BP Price Target
The average price target for BP p.l.c. (BP) is $43.18 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $59.00 to $31.00. This represents a potential 35.36% upside from BP's last price of $31.90.
BP Analyst Ratings
According to 14 Wall Street analysts, BP p.l.c.'s rating consensus is 'Buy'. The analyst rating breakdown for BP stock is 0 'Strong Buy' (0.00%), 8 'Buy' (57.14%), 6 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
BP p.l.c. Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 30, 2024 | Doug Leggate | Wolfe Research | $59.00 | $34.96 | 68.76% | 84.95% |
| Jul 17, 2024 | Doug Leggate | Wolfe Research | $57.00 | $35.42 | 60.93% | 78.68% |
| Jul 15, 2024 | Martijn Rats | Morgan Stanley | $41.50 | $35.19 | 17.93% | 30.09% |
| Jul 12, 2024 | Paul Cheng | Scotiabank | $42.00 | $35.05 | 19.83% | 31.66% |
| Apr 18, 2024 | Ryan Todd | Piper Sandler | $43.00 | $38.37 | 12.07% | 34.80% |
| Apr 11, 2024 | Paul Cheng | Scotiabank | $47.00 | $39.42 | 19.23% | 47.34% |
| Apr 11, 2024 | Roger Read | Wells Fargo | $42.00 | $39.42 | 6.54% | 31.66% |
| Mar 14, 2024 | Ryan Todd | Piper Sandler | $40.00 | $37.49 | 6.70% | 25.39% |
| Mar 03, 2024 | Giacomo Romeo | Jefferies | $42.30 | $35.64 | 18.69% | 32.60% |
| Jul 13, 2023 | Justin Jenkins | Raymond James | $45.00 | $36.62 | 22.88% | 41.07% |
The latest BP p.l.c. stock forecast, released on Jul 30, 2024 by Doug Leggate from Wolfe Research, set a price target of $59.00, which represents a 68.76% increase from the stock price at the time of the forecast ($34.96), and a 84.95% increase from BP last price ($31.90).
BP p.l.c. Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 9 |
| Avg Price Target | - | $49.88 | $45.98 |
| Last Closing Price | $31.90 | $31.90 | $31.90 |
| Upside/Downside | -100.00% | 56.36% | 44.14% |
In the current month, the average price target of BP p.l.c. stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to BP p.l.c.'s last price of $31.90. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | HSBC | - | Hold | Downgrade |
| Aug 07, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Jul 31, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jul 30, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 15, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Jul 12, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jun 21, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 18, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 12, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
BP p.l.c.'s last stock rating was published by HSBC on Aug 08, 2024. The company Downgrade its BP rating from "null" to "Hold".
BP p.l.c. Financial Forecast
BP p.l.c. Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.18B | $69.26B | $55.01B | $67.87B | $49.26B | $50.55B | $36.17B | $36.47B | $34.54B | $44.79B | $44.25B | $31.68B | $59.65B | $71.11B | $68.29B |
| Avg Forecast | $46.26B | $46.23B | $45.80B | $45.43B | $53.07B | $54.61B | $53.94B | $51.04B | $52.51B | $52.44B | $52.43B | $53.65B | $53.14B | $55.24B | $52.83B | $56.84B | $55.39B | $59.18B | $59.26B | $55.86B | $52.76B | $40.10B | $38.35B | $54.73B | $48.78B | $49.68B | $41.44B | $43.49B | $68.09B | $62.35B |
| High Forecast | $57.55B | $57.51B | $56.98B | $56.52B | $66.03B | $67.94B | $67.11B | $63.50B | $65.33B | $53.42B | $65.23B | $66.74B | $59.01B | $64.11B | $65.73B | $70.72B | $68.92B | $73.63B | $59.26B | $67.36B | $63.62B | $48.36B | $46.25B | $66.00B | $58.83B | $59.91B | $49.97B | $52.45B | $82.12B | $75.19B |
| Low Forecast | $38.60B | $38.57B | $38.22B | $37.91B | $44.28B | $45.56B | $45.01B | $42.59B | $43.81B | $51.45B | $43.75B | $44.76B | $44.03B | $49.23B | $44.08B | $47.43B | $46.22B | $49.38B | $59.26B | $48.13B | $45.46B | $34.56B | $33.05B | $47.16B | $42.03B | $42.81B | $35.71B | $37.48B | $58.68B | $53.73B |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 4 | 7 | 4 | 6 | 4 | 6 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.25% | 0.93% | 1.15% | 0.88% | 0.96% | 0.90% | 0.95% | 0.63% | 0.92% | 0.89% | 0.76% | 1.37% | 1.04% | 1.10% |
BP p.l.c.'s average Quarter revenue forecast for Jun 23 based on 1 analysts is $52.83B, with a low forecast of $44.08B, and a high forecast of $65.73B. BP's average Quarter revenue forecast represents a -5.96% decrease compared to the company's last Quarter revenue of $56.18B (Mar 23).
BP p.l.c. EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 4 | 7 | 4 | 6 | 4 | 6 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $16.48B | $24.97B | $4.84B | $17.35B | $12.31B | $8.15B | $3.98B | $9.24B | $10.46B | $-4.63B | $4.32B | $-6.59B | $436.00M | $5.72B | $5.25B |
| Avg Forecast | $8.61B | $8.61B | $8.53B | $8.46B | $9.88B | $10.17B | $10.04B | $9.50B | $9.78B | $9.76B | $9.76B | $-10.44B | $9.90B | $10.29B | $9.84B | $-9.49B | $10.31B | $4.24B | $11.03B | $-8.63B | $8.10B | $3.85B | $5.91B | $10.35B | $-6.48B | $10.72B | $-4.31B | $498.29M | $4.76B | $4.63B |
| High Forecast | $10.72B | $10.71B | $10.61B | $10.53B | $12.30B | $12.65B | $12.50B | $11.82B | $12.16B | $9.95B | $12.15B | $-8.35B | $10.99B | $11.94B | $12.24B | $-7.59B | $12.83B | $5.08B | $11.03B | $-6.90B | $9.72B | $4.62B | $7.09B | $12.41B | $-5.18B | $12.87B | $-3.44B | $597.94M | $5.71B | $5.55B |
| Low Forecast | $7.19B | $7.18B | $7.12B | $7.06B | $8.25B | $8.48B | $8.38B | $7.93B | $8.16B | $9.58B | $8.15B | $-12.53B | $8.20B | $9.17B | $8.21B | $-11.39B | $8.61B | $3.39B | $11.03B | $-10.35B | $6.48B | $3.08B | $4.73B | $8.28B | $-7.78B | $8.58B | $-5.17B | $398.63M | $3.80B | $3.70B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.74% | 2.42% | 1.14% | 1.57% | -1.43% | 1.01% | 1.03% | 1.56% | 1.01% | 0.71% | 0.40% | 1.53% | 0.88% | 1.20% | 1.13% |
1 analysts predict BP's average Quarter EBITDA for Jun 23 to be $9.84B, with a high of $12.24B and a low of $8.21B. This is -40.29% lower than BP p.l.c.'s previous annual EBITDA (Mar 23) of $16.48B.
BP p.l.c. Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 4 | 7 | 4 | 6 | 4 | 6 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.22B | $10.80B | $-1.98B | $9.26B | $-20.07B | $2.58B | $-2.54B | $3.12B | $4.67B | $1.36B | $-450.00M | $-16.85B | $-4.37B | $19.00M | $-749.00M |
| Avg Forecast | $3.60B | $3.55B | $3.34B | $3.28B | $3.57B | $3.63B | $3.39B | $3.02B | $3.00B | $2.90B | $2.53B | $-15.74B | $2.66B | $3.87B | $3.17B | $-14.31B | $4.64B | $-2.71B | $6.02B | $-13.01B | $2.23B | $-2.46B | $1.99B | $4.62B | $1.90B | $-1.11B | $-11.01B | $-4.99B | $15.78M | $-660.14M |
| High Forecast | $4.74B | $4.68B | $4.40B | $4.32B | $4.70B | $4.79B | $4.47B | $3.98B | $3.96B | $3.41B | $3.34B | $-12.59B | $3.29B | $4.38B | $4.18B | $-11.45B | $6.12B | $-2.17B | $6.02B | $-10.41B | $2.67B | $-1.97B | $2.39B | $5.54B | $2.28B | $-891.00M | $-8.80B | $-3.99B | $18.94M | $-528.11M |
| Low Forecast | $2.82B | $2.79B | $2.62B | $2.58B | $2.80B | $2.85B | $2.66B | $2.37B | $2.36B | $2.68B | $1.99B | $-18.89B | $2.32B | $3.39B | $2.49B | $-17.17B | $3.64B | $-3.25B | $6.02B | $-15.61B | $1.78B | $-2.96B | $1.59B | $3.69B | $1.52B | $-1.34B | $-13.21B | $-5.99B | $12.63M | $-792.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.57% | 2.33% | 0.73% | 1.54% | 1.54% | 1.16% | 1.03% | 1.56% | 1.01% | 0.71% | 0.40% | 1.53% | 0.88% | 1.20% | 1.13% |
BP p.l.c.'s average Quarter net income forecast for Jun 23 is $3.17B, with a range of $2.49B to $4.18B. BP's average Quarter net income forecast represents a -61.37% decrease compared to the company's last Quarter net income of $8.22B (Mar 23).
BP p.l.c. SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 4 | 7 | 4 | 6 | 4 | 6 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.75B | $3.65B | $3.26B | $3.45B | $3.08B | $6.73B | $6.15B | $5.75B | $5.23B | $5.54B | $4.87B | $5.02B | $5.37B | $5.99B | $5.30B |
| Avg Forecast | $3.21B | $3.21B | $3.18B | $3.15B | $3.68B | $3.79B | $3.74B | $3.54B | $3.64B | $3.64B | $3.64B | $2.38B | $3.69B | $3.83B | $3.67B | $2.16B | $3.84B | $3.28B | $4.11B | $1.97B | $3.22B | $2.98B | $1.84B | $2.59B | $3.88B | $6.03B | $1.64B | $3.07B | $2.49B | $2.33B |
| High Forecast | $3.99B | $3.99B | $3.95B | $3.92B | $4.58B | $4.72B | $4.66B | $4.41B | $4.53B | $3.71B | $4.53B | $2.85B | $4.10B | $4.45B | $4.56B | $2.60B | $4.78B | $3.93B | $4.11B | $2.36B | $3.87B | $3.58B | $2.20B | $3.10B | $4.65B | $7.23B | $1.97B | $3.68B | $2.99B | $2.80B |
| Low Forecast | $2.68B | $2.68B | $2.65B | $2.63B | $3.07B | $3.16B | $3.12B | $2.96B | $3.04B | $3.57B | $3.04B | $1.90B | $3.06B | $3.42B | $3.06B | $1.73B | $3.21B | $2.62B | $4.11B | $1.57B | $2.58B | $2.38B | $1.47B | $2.07B | $3.10B | $4.82B | $1.31B | $2.45B | $1.99B | $1.87B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.73% | 0.95% | 0.99% | 0.84% | 1.57% | 2.09% | 2.06% | 3.13% | 2.02% | 1.43% | 0.81% | 3.06% | 1.75% | 2.41% | 2.27% |
BP p.l.c.'s average Quarter SG&A projection for Jun 23 is $3.67B, based on 1 Wall Street analysts, with a range of $3.06B to $4.56B. The forecast indicates a -2.14% fall compared to BP last annual SG&A of $3.75B (Mar 23).
BP p.l.c. EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 4 | 7 | 4 | 6 | 4 | 6 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.76 | $3.57 | $-0.63 | $2.86 | $-6.17 | $0.78 | $-0.76 | $0.92 | $1.38 | $0.40 | $-0.13 | $-5.00 | $-1.30 | $0.01 | $-0.22 |
| Avg Forecast | $1.30 | $1.28 | $1.21 | $1.19 | $1.29 | $1.31 | $1.23 | $1.09 | $1.09 | $1.05 | $0.92 | $1.02 | $0.96 | $1.40 | $1.15 | $1.38 | $1.68 | $1.95 | $2.10 | $1.40 | $1.16 | $0.90 | $0.59 | $0.43 | $0.09 | $-0.05 | $-2.36 | $0.23 | $0.63 | $0.58 |
| High Forecast | $1.71 | $1.69 | $1.59 | $1.56 | $1.70 | $1.73 | $1.62 | $1.44 | $1.43 | $1.23 | $1.21 | $1.34 | $1.19 | $1.59 | $1.51 | $1.82 | $2.21 | $2.57 | $2.10 | $1.77 | $1.47 | $1.14 | $0.75 | $0.55 | $0.11 | $-0.04 | $-1.93 | $0.29 | $0.80 | $0.74 |
| Low Forecast | $1.02 | $1.01 | $0.95 | $0.93 | $1.01 | $1.03 | $0.96 | $0.86 | $0.85 | $0.97 | $0.72 | $0.80 | $0.84 | $1.23 | $0.90 | $1.09 | $1.32 | $1.53 | $2.10 | $1.15 | $0.95 | $0.74 | $0.48 | $0.36 | $0.07 | $-0.07 | $-2.99 | $0.19 | $0.52 | $0.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.99% | 2.13% | -0.32% | 1.36% | -4.41% | 0.67% | -0.85% | 1.56% | 3.18% | 4.50% | 2.44% | 2.12% | -5.72% | 0.01% | -0.38% |
According to 1 Wall Street analysts, BP p.l.c.'s projected average Quarter EPS for Jun 23 is $1.15, with a low estimate of $0.90 and a high estimate of $1.51. This represents a -58.40% decrease compared to BP previous annual EPS of $2.76 (Mar 23).
BP p.l.c. Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EQNR | Equinor ASA | $24.93 | $82.50 | 230.93% | Hold |
| BP | BP p.l.c. | $31.90 | $43.18 | 35.36% | Buy |
| E | Eni S.p.A. | $30.96 | $39.60 | 27.91% | Buy |
| SHEL | Shell | $66.91 | $84.67 | 26.54% | Buy |
| CVX | Chevron | $138.56 | $174.93 | 26.25% | Buy |
| EC | Ecopetrol | $9.19 | $11.35 | 23.50% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.75 | $16.47 | 11.66% | Buy |
| SU | Suncor Energy | $37.32 | $40.78 | 9.27% | Buy |
| TTE | TotalEnergies SE | $66.30 | $72.00 | 8.60% | Hold |
| XOM | Exxon Mobil | $112.64 | $118.02 | 4.78% | Buy |
| YPF | YPF Sociedad Anónima | $23.35 | $21.03 | -9.94% | Hold |
BP Forecast FAQ
Is BP p.l.c. a good buy?
Yes, according to 14 Wall Street analysts, BP p.l.c. (BP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 57.14% of BP's total ratings.
What is BP's price target?
BP p.l.c. (BP) average price target is $43.18 with a range of $31 to $59, implying a 35.36% from its last price of $31.9. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will BP p.l.c. stock go up soon?
According to Wall Street analysts' prediction for BP stock, the company can go up by 35.36% (from the last price of $31.9 to the average price target of $43.18), up by 84.95% based on the highest stock price target, and down by -2.82% based on the lowest stock price target.
Can BP p.l.c. stock reach $50?
BP's highest twelve months analyst stock price target of $59 supports the claim that BP p.l.c. can reach $50 in the near future.
What are BP p.l.c.'s analysts' financial forecasts?
BP p.l.c.'s analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $212.66B (high $264.58B, low $177.44B), average EBITDA is $39.6B (high $49.27B, low $33.04B), average net income is $13.61B (high $17.94B, low $10.68B), average SG&A $14.76B (high $18.36B, low $12.32B), and average EPS is $4.92 (high $6.49, low $3.86). BP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $183.72B (high $228.57B, low $153.29B), average EBITDA is $34.21B (high $42.56B, low $28.54B), average net income is $13.77B (high $18.14B, low $10.81B), average SG&A $12.75B (high $15.86B, low $10.64B), and average EPS is $4.98 (high $6.56, low $3.91).
Did the BP's actual financial results beat the analysts' financial forecasts?
Based on BP p.l.c.'s last annual report (Dec 2022), the company's revenue was $241.39B, beating the average analysts forecast of $229.69B by 5.09%. Apple's EBITDA was $59.47B, beating the average prediction of $16.96B by 250.68%. The company's net income was $-1.357B, missing the average estimation of $-5.064B by -73.20%. Apple's SG&A was $13.45B, beating the average forecast of $13.2B by 1.87%. Lastly, the company's EPS was $-0.43, missing the average prediction of $7.13 by -106.03%. In terms of the last quarterly report (Mar 2023), BP p.l.c.'s revenue was $56.18B, missing the average analysts' forecast of $56.84B by -1.16%. The company's EBITDA was $16.48B, missing the average prediction of $-9.49B by -273.60%. BP p.l.c.'s net income was $8.22B, missing the average estimation of $-14.312B by -157.42%. The company's SG&A was $3.75B, beating the average forecast of $2.16B by 73.27%. Lastly, the company's EPS was $2.76, beating the average prediction of $1.38 by 99.43%