BP PLC (BP-N)
132 watching
NYSE:BP
31.38
0.10
(0.32%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Oct 5, 2022, 8:00 pm
0
BUY
Given the cashflows and potential to raise dividends and do buybacks, you have to add large-cap, European integrated companies. Favours them over Canada, excluding SU, as they're not subject to the WCS discount. Great total return story the next few years. You could also look at SHEL or TTE. He'd buy here.
integrated oils
$32.135
Unknown
TOP PICK
Trades at a discount to peers. New CEO has transformed the company. Share buybacks, just raised dividend 10%. Nice balance between gas stations, LNG, offshore oil. Debt will continue to come down. Yield is 4.66%. (Analysts’ price target is $37.04)
integrated oils
PARTIAL SELL
Paying down debt, buying back shares, increasing dividend. Trying to be less into fossil fuels, more into renewables. Two risks: overspend on renewables, no clear vision on cost of capital. Oil is not sustainable at these high levels. In better shape than pre-Covid, lots of free cashflow. Good for now, but then think about Canadian oil companies that don't have the currency risk.
integrated oils
BUY
They're becoming an energy company and not merely oil and gas. They use their large cash flow to pay down debt and increase dividends. As they move into renewables, they concerned what their return on capital is. Oil prices are volatile but remain high, which is a plus. Could be some volatilty, but present share levels are fine.
integrated oils
PAST TOP PICK
(A Top Pick Apr 21/22, Down 10.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BP has triggered its stop at $28. To remain disciplined, we recommend covering the position at this time. This will result in a next investment loss of 3%, when combined with previous buy recommendations.
integrated oils
DON'T BUY
Identity crisis spurred a move to greener energy. Better to find a pure play energy, or a pure play renewable. For energy, look at EOG or CNQ. Try BEP.UN for renewables.
integrated oils
TOP PICK
Stockchase Research Editor: Michael O'Reilly As European countries develop new secure supply strategies, we think this company will play a big part in this going forward and that is why we again reiterate BP as TOP PICK. It pays a good dividend, backed by a payout ratio under 60% of cash flow. It trades at 14x earnings compared to peers at 17x and at just 1.1x book value. We like that the company continues to aggressively retire debt and buy back shares. We recommend trailing up the stop (from $26) to $28, looking to achieve $37 -- upside potential over 17%. Yield 4.11% (Analysts’ price target is $37.00)
integrated oils
TOP PICK
Western energy stocks are doing well. More domestic spending on oil and gas can be expected because of the Russian war. Brendan Caldwell and Degas Wright recently gave BUY signals. Social media mentions are up 300% over the last 24 hours.
integrated oils
BUY
$150-200 oil is not guaranteed. The cure for high prices is high prices. There will be a resurgence of O&G domestic spending in the wake of the Russia-Ukraine conflict. Will do well, as will all the energy stocks. Trend towards more spending, production, and volume.
integrated oils
BUY
It pays a yield of 4%, high in this space, and is returning more capital to shareholders. Also likes it for divesting $20 billion from Russia. They have a great pipeline of properties. Also like that they have an aggressive plan to transition to alternative energies which is growing in focus for them.
integrated oils
TOP PICK
Stockchase Research Editor: Michael O’Reilly Following its announcement of divesting its 19.75% Russian based Rosneft, we again reiterate BP as a TOP PICK. The company says this will not impact future cash flows and will allow the company to fully benefit from security of supply opportunities. Recently reported earnings beat expectations by 4% with a ROE of 14%. The company continues to pay down debt aggressively and is buying back shares. It pays a good dividend, backed by a payout ratio of under 35% of cash flow. We recommend maintaining a stop at $26, looking to achieve $37.50 -- upside potential over 26%. Yield 4.49% (Analysts’ price target is $37.38)
integrated oils
BUY
He saw a buyer of the April 29 expiry for 30 strike calls. He liked that move and added to that.
integrated oils
TOP PICK
Widely discussed on social medias after they announced selling 20% stake in Rosneft and leaving Russia. Brent oil price reached $118 on Friday. JP Morgan says $185 oil in view if Russian supply hit persists. Stockchase research expert Michael O'Reilly reiterated the stock as a TOP PICK last month. Social media mentions are up 703% over the past seven days.
integrated oils
TOP PICK
Stockchase Research Editor: Michael O'Reilly As oil prices continue to stabilize and the economy edges forward, we again reiterate BP as a TOP PICK. Earnings will be reported next week and consensus calls for $1.19 EPS, compared to $0.53 on a 12-month running average. It pays a good dividend, backed by a payout ratio under 67% of cash flow. It has paid down significant amounts of debt and is buying back shares, while keeping cash reserves relatively steady. We recommend trailing up the stop (from $20) to $26, looking to achieve $37.50 -- upside potential over 17%. Yield 4.06% (Analysts’ price target is $37.21)
integrated oils
TOP PICK
Stockchase Research Editor: Michael O'Reilly As oil prices continue to stabilize and the economy edges forward, this is a good value entry point to again reitereate BP as a TOP PICK. Recently reported earnings beat analyst expectations and it trades near book value. It pays a good dividend, backed by a payout ratio under 67% of cash flow. It has paid down significant amounts of debt and is buying back shares, while keeping cash reserves relatively steady. We recommend keeping the stop $20, looking to achieve $35 -- upside potential over 28%. Yield 4.75% (Analysts’ price target is $35.05)
integrated oils
BP PLC(BP-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 8
BP PLC(BP-N) Frequently Asked Questions
What is BP PLC stock symbol?
BP PLC is a American stock, trading under the symbol BP-N on the New York Stock Exchange (BP). It is usually referred to as NYSE:BP or BP-N
Is BP PLC a buy or a sell?
In the last year, 8 stock analysts published opinions about BP-N. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BP PLC.
Is BP PLC a good investment or a top pick?
BP PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for BP PLC.
Why is BP PLC stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is BP PLC worth watching?
8 stock analysts on Stockchase covered BP PLC In the last year. It is a trending stock that is worth watching.
What is BP PLC stock price?
On 2022-10-05, BP PLC (BP-N) stock closed at a price of $31.38.
