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BP p.l.c. (BP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BP Stock Forecast

BP p.l.c. stock forecast is as follows: an average price target of $47.50 (represents a 66.08% upside from BP’s last price of $28.60) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

BP Price Target

The average price target for BP p.l.c. (BP) is $47.50 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $59.00 to $41.50. This represents a potential 66.08% upside from BP's last price of $28.60.

BP Analyst Ratings

Buy

According to 17 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%), 9 'Buy' (52.94%), 8 'Hold' (47.06%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

BP p.l.c. Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 30, 2024Doug LeggateWolfe Research$59.00$34.9668.76%106.29%
Jul 17, 2024Doug LeggateWolfe Research$57.00$35.4260.93%99.30%
Jul 15, 2024Martijn RatsMorgan Stanley$41.50$35.1917.93%45.10%
Jul 12, 2024Paul ChengScotiabank$42.00$35.0519.83%46.85%
Apr 18, 2024Ryan ToddPiper Sandler$43.00$38.3712.07%50.35%
Apr 11, 2024Paul ChengScotiabank$47.00$39.4219.23%64.34%
Apr 11, 2024Roger ReadWells Fargo$42.00$39.426.54%46.85%
Mar 14, 2024Ryan ToddPiper Sandler$40.00$37.496.70%39.86%
Mar 03, 2024Giacomo RomeoJefferies$42.30$35.6418.69%47.90%
Jul 13, 2023Justin JenkinsRaymond James$45.00$36.6222.88%57.34%
Feb 08, 2023Bernstein$53.00$37.7540.40%85.31%
Feb 08, 2023Raymond James$40.00$37.755.96%39.86%
Feb 07, 2023Strong BuyRaymond James$40.00$19.18108.55%39.86%
Jan 10, 2023Wells Fargo$37.00$34.776.40%29.37%
Dec 19, 2022Piper Sandler$39.00$33.6815.80%36.36%
Nov 11, 2022Piper Sandler$40.00$32.9521.40%39.86%
May 04, 2022Wells Fargo$31.00$31.23-0.72%8.39%
Jan 30, 2022John FreemanRaymond James$36.00$31.0715.87%25.87%
Dec 14, 2021Jason GammelJefferies$29.70$26.2912.97%3.85%
Oct 25, 2021Menno HulshofTD Securities$31.00$29.086.60%8.39%
May 17, 2021Daniel BoydMizuho Securities$33.00$26.1826.05%15.38%

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 106.29% increase from BP last price ($28.60).

BP p.l.c. Price Target by Period

1M3M12M
# Anlaysts--9
Avg Price Target--$45.98
Last Closing Price$28.60$28.60$28.60
Upside/Downside-100.00%-100.00%60.77%

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 $28.60. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 10, 2024ScotiabankOutperformSector PerformDowngrade
Oct 09, 2024Exane BNP ParibasNeutralDowngrade
Oct 02, 2024CitigroupBuyBuyHold
Oct 02, 2024BarclaysOverweightOverweightHold
Sep 23, 2024BernsteinOutperformOutperformHold
Aug 08, 2024HSBCHoldDowngrade
Aug 07, 2024RBC CapitalOutperformSector PerformDowngrade
Jul 31, 2024Goldman SachsBuyBuyHold
Jul 30, 2024Wolfe ResearchOutperformOutperformHold
Jul 17, 2024Wolfe ResearchOutperformInitialise
Jul 15, 2024Morgan StanleyOverweightEqual-WeightDowngrade
Jul 12, 2024ScotiabankOutperformOutperformHold
Jun 21, 2024CitigroupBuyBuyHold
Apr 18, 2024Piper SandlerNeutralNeutralHold
Apr 12, 2024Morgan StanleyOverweightOverweightHold
Nov 27, 2023RBC CapitalOutperformOutperformHold
Jul 13, 2023Raymond JamesOutperformOutperformHold
Apr 14, 2023Raymond JamesOutperformOutperformHold
Feb 08, 2023Raymond JamesOutperformOutperformHold
Feb 07, 2023DaiwaOutperformUpgrade
Feb 07, 2023Raymond JamesOutperformStrong BuyUpgrade
Feb 07, 2023Credit SuisseOutperformUpgrade
Feb 07, 2023TD SecuritiesBuyUpgrade
Jan 10, 2023Wells FargoEqual-WeightEqual-WeightHold
Dec 19, 2022Piper SandlerOverweightOverweightHold
Apr 26, 2022Zacks Investment ResearchHoldDowngrade
Jan 30, 2022Raymond JamesOutperformOutperformHold

BP p.l.c.'s last stock rating was published by Scotiabank on Oct 10, 2024. The company Downgrade its BP rating from "Outperform" to "Sector Perform".

BP p.l.c. Financial Forecast

BP p.l.c. Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$46.34B$46.32B$45.91B$45.55B$50.82B$50.36B$49.37B$49.49B$47.65B$49.38B$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$46.51B$46.49B$46.08B$45.72B$51.01B$50.54B$49.56B$49.97B$47.66B$50.91B$52.43B$53.65B$59.01B$64.11B$53.03B$57.05B$55.60B$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
Low Forecast$46.17B$46.15B$45.74B$45.38B$50.63B$50.17B$49.19B$49.01B$47.47B$47.86B$52.43B$53.65B$44.03B$49.23B$52.63B$56.63B$55.18B$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
# Analysts111111111111331111111111116811711
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 $52.63B, and a high forecast of $53.03B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111331111111111116811711
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$4.95B$4.95B$4.91B$4.87B$5.43B$5.38B$5.28B$5.29B$5.09B$5.28B$5.60B$-10.44B$5.68B$5.90B$5.64B$-9.49B$8.91B$11.02B$11.03B$-8.63B$9.82B$7.47B$7.14B$10.35B$9.08B$9.25B$7.72B$498.29M$12.68B$11.61B
High Forecast$4.97B$4.97B$4.92B$4.88B$5.45B$5.40B$5.29B$5.34B$5.09B$5.44B$5.60B$-8.35B$6.31B$6.85B$5.67B$-7.59B$10.69B$11.02B$11.03B$-6.90B$9.82B$7.47B$7.14B$12.41B$9.08B$9.25B$7.72B$597.94M$12.68B$11.61B
Low Forecast$4.93B$4.93B$4.89B$4.85B$5.41B$5.36B$5.26B$5.24B$5.07B$5.11B$5.60B$-12.53B$4.70B$5.26B$5.62B$-11.39B$7.13B$11.02B$11.03B$-10.35B$9.82B$7.47B$7.14B$8.28B$9.08B$9.25B$7.72B$398.63M$12.68B$11.61B
Surprise %----------------1.74%2.80%0.44%1.57%-1.43%0.83%0.53%1.29%1.01%-0.51%0.47%-0.85%0.88%0.45%0.45%

1 analysts predict BP's average Quarter EBITDA for Jun 23 to be $5.64B, with a high of $5.67B and a low of $5.62B. This is -65.74% lower than BP p.l.c.'s previous annual EBITDA (Mar 23) of $16.48B.

BP p.l.c. Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111331111111111116811711
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$3.07B$3.03B$2.91B$2.63B$2.73B$2.62B$2.39B$2.16B$1.93B$2.24B$2.55B$-15.74B$2.68B$3.90B$3.20B$-14.31B$2.45B$5.39B$5.82B$-13.01B$3.20B$2.48B$1.63B$4.62B$247.34M$-150.70M$-6.51B$-4.99B$1.75B$1.61B
High Forecast$3.08B$3.04B$2.92B$2.64B$2.74B$2.63B$2.40B$2.53B$2.15B$2.25B$2.55B$-12.59B$3.31B$4.41B$3.26B$-11.45B$2.94B$5.39B$5.82B$-10.41B$3.20B$2.48B$1.63B$5.54B$247.34M$-150.70M$-6.51B$-3.99B$1.75B$1.61B
Low Forecast$3.05B$3.01B$2.89B$2.62B$2.72B$2.61B$2.38B$1.76B$1.65B$2.22B$2.55B$-18.89B$2.33B$3.42B$3.14B$-17.17B$1.96B$5.39B$5.82B$-15.61B$3.20B$2.48B$1.63B$3.69B$247.34M$-150.70M$-6.51B$-5.99B$1.75B$1.61B
Surprise %----------------0.57%4.41%-0.37%1.59%1.54%0.81%-1.03%1.91%1.01%5.49%2.99%2.59%0.88%0.01%-0.46%

BP p.l.c.'s average Quarter net income forecast for Jun 23 is $3.20B, with a range of $3.14B to $3.26B. BP's average Quarter net income forecast represents a -61.09% decrease compared to the company's last Quarter net income of $8.22B (Mar 23).

BP p.l.c. SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111331111111111116811711
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$3.23B$3.23B$3.20B$3.18B$3.55B$3.52B$3.45B$3.45B$3.33B$3.45B$3.66B$2.38B$3.71B$3.86B$3.69B$2.16B$3.54B$4.11B$4.11B$1.97B$3.66B$2.78B$2.66B$2.59B$3.39B$3.45B$2.88B$3.07B$4.73B$4.33B
High Forecast$3.25B$3.25B$3.22B$3.19B$3.56B$3.53B$3.46B$3.49B$3.33B$3.55B$3.66B$2.85B$4.12B$4.48B$3.70B$2.60B$4.25B$4.11B$4.11B$2.36B$3.66B$2.78B$2.66B$3.10B$3.39B$3.45B$2.88B$3.68B$4.73B$4.33B
Low Forecast$3.22B$3.22B$3.19B$3.17B$3.53B$3.50B$3.43B$3.42B$3.31B$3.34B$3.66B$1.90B$3.07B$3.44B$3.67B$1.73B$2.84B$4.11B$4.11B$1.57B$3.66B$2.78B$2.66B$2.07B$3.39B$3.45B$2.88B$2.45B$4.73B$4.33B
Surprise %---------------1.73%1.03%0.79%0.84%1.57%1.84%2.21%2.16%2.02%1.64%1.41%1.74%1.75%1.27%1.22%

BP p.l.c.'s average Quarter SG&A projection for Jun 23 is $3.69B, based on 1 Wall Street analysts, with a range of $3.67B to $3.70B. The forecast indicates a -1.58% fall compared to BP last annual SG&A of $3.75B (Mar 23).

BP p.l.c. EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111331111111111116811711
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$1.10$1.09$1.04$0.94$0.98$0.94$0.86$0.78$0.69$0.80$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$1.11$1.09$1.05$0.95$0.98$0.95$0.86$0.91$0.77$0.81$0.92$1.02$1.19$1.59$1.17$1.41$1.69$1.95$2.10$1.41$1.16$0.90$0.59$0.43$0.09$-0.05$-2.36$0.23$0.63$0.58
Low Forecast$1.10$1.08$1.04$0.94$0.98$0.94$0.85$0.63$0.59$0.80$0.92$1.02$0.84$1.23$1.13$1.36$1.67$1.95$2.10$1.38$1.16$0.90$0.59$0.43$0.09$-0.05$-2.36$0.23$0.63$0.58
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 $1.13 and a high estimate of $1.17. 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EQNREquinor ASA$22.68$82.50263.76%Hold
SUSuncor Energy$35.84$65.0081.36%Buy
BPBP p.l.c.$29.08$47.5063.34%Buy
EEni S.p.A.$26.85$39.6047.49%Buy
SHELShell$61.88$88.0042.21%Buy
TTETotalEnergies SE$54.25$77.0041.94%Hold
XOMExxon Mobil$108.01$133.1123.24%Buy
PBRPetróleo Brasileiro S.A. - Petrobras$13.52$16.5022.04%Buy
CVXChevron$148.11$170.3315.00%Buy
ECEcopetrol$7.89$8.507.73%Buy
YPFYPF Sociedad Anónima$44.88$29.50-34.27%Buy

BP Forecast FAQ

Is BP p.l.c. a good buy?

Yes, according to 17 Wall Street analysts, BP p.l.c. (BP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 52.94% of BP's total ratings.

What is BP's price target?

BP p.l.c. (BP) average price target is $47.5 with a range of $41.5 to $59, implying a 66.08% from its last price of $28.6. The data is based on 17 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 66.08% (from the last price of $28.6 to the average price target of $47.5), up by 106.29% based on the highest stock price target, and up by 45.10% based on the lowest stock price target.

Can BP p.l.c. stock reach $40?

BP's average twelve months analyst stock price target of $47.5 supports the claim that BP p.l.c. can reach $40 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 $200.05B (high $201.08B, low $199B), average EBITDA is $21.37B (high $21.48B, low $21.26B), average net income is $9.9B (high $10.31B, low $9.46B), average SG&A $13.96B (high $14.04B, low $13.89B), and average EPS is $3.55 (high $3.7, low $3.4). BP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $184.12B (high $184.8B, low $183.43B), average EBITDA is $19.67B (high $19.74B, low $19.6B), average net income is $11.63B (high $11.69B, low $11.57B), average SG&A $12.85B (high $12.9B, low $12.8B), and average EPS is $4.18 (high $4.2, low $4.16).

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 $22.34B by 166.22%. The company's net income was $-1.357B, missing the average estimation of $646.83M by -309.79%. Apple's SG&A was $13.45B, missing the average forecast of $13.73B by -2.05%. 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%