BP PLC (BP) price forecast

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BP PLC (BP) is a transnational energy company headquartered in London. Its primary areas of focus include oil and gas exploration, processing, and product sales. BP is also actively involved in the development of renewable energy, investing in projects related to alternative energy sources such as solar and wind power, along with technologies aimed at reducing environmental impact.

1

Current BP stock price £525.25.

2

According to analytical forecasts, the price of BP stocks may reach £572.89 by the end of 2024, and it is expected to be - £764.09 by the end of 2029.

3

Based on technical analysis indicators, the recommendation for the 1H (one-hour) timeframe is Neutral, and for the 1D (one-day) timeframe - Strong Buy.

On a long-term interval, the price chart exhibits high volatility and lacks a distinct trend. The company's shares are suitable for short-term, intraday strategies, or short-term investments spanning 1-3 months.


TU analysts share current information about BP PLC and its prospects. In this review, you will find basic financial indicators for the company, statistical information for fundamental analysis, and data from technical indicators. Forecasts for BP's stock price for the current year and long-term predictions based on the Elliott Wave Theory are presented based on the initial data.


Traders Union analysts reviewed the financial condition of BP PLC, evaluated factors impacting the stock price and made short and long-term price forecasts. The review also features information on key multipliers of BP PLC as well as several useful ideas to help you make an informed investment decision.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.
  • Financial reporting data is updated quarterly.

Data for fundamental analysis of BP PLC stock

In this section you will learn about the basic statistics of BP PLC and other data for fundamental analysis. The section provides key financial indicators of the company as well as main multipliers.


Basic indicators contain information about the company that provides a general idea of its operation and position in the market.



Basic indicators
Industry
Oil & Gas Integrated
Sector
Energy
Number of employees
87.8K
Latest dividend payment date
2024-02-15
Dividend amount
7.27
Market cap
83.7B
Net income
436M
52-week low
441.05
52-week high
562.3
Beta coefficient
0.54


Key financial indicators of BP PLC contain general information about the financial condition of the company. For analysis, current values are compared to the values of previous periods, forecasts and indicators of competitors.



Financial indicators
Gross profit
48.07B
Net income
436M
Accounts payable
42.41B
Accounts receivable
25.18B
EPS
0.02
Long-term debt
57.14B


Multipliers are coefficients, derivative financial indicators that allow for assessing financial stability, the degree of undervaluation, overvaluation, investment attractiveness of a company, company’s performance, and forecasting an increase or decline in the value of shares.



Multipliers
EV
91.88B
EV/R
0.56
P/E
7.29
EV/EBITDA
2.63
EBITDA
10.59B
P/S
0.4
Profit margin
0.07
P/B
118.7
Operating margin
0.03
Total debt
49.96B
Annual revenue per share
12
Debt to equity ratio
73.78
ROE
0.19
Current liquidity coefficient
1.21
ROA
0.06
Ratio of short positions to the total shares in circulation
-
Forward P/E
6.7
Forward annual dividend yield
0.06
PEG
6.7
Operating cash flow
25.38B

BP PLC stock forecast for today, BP signals for 1 week

Short-term BP price forecast (signals) are prepared by Traders Union based on the technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe that you need to learn the BP forecast for today.

NOTE!

Signals may differ on different time frames. If you want to buy BP PLC (BP) and hold the stock for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions!

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BP PLC Stock forecast for 1 year. What will the BP price be?

In this section, you will learn the following analyst forecasts:


  • Projected stock value
  • Quarterly and annual earnings per share (EPS) forecast.
  • Quarterly and annual sales volume forecast.
  • Projected assessment of capitalization growth rates.

The forecasts are made based on surveys of top managers of companies and analysts. Also, current financial indicators of companies and projected indicators were taken into account.

Recommendations of analysts
Strong Buy 6
Buy 30
Hold 38
Sell 9
Strong Sell 2
Overall recommendation Hold
Projected stock value for six months, GBP
Current stock price 525.25
Highest projected stock price 10
Lowest projected stock price 5.01
Average projected stock price 6.05
Quarterly and annual earnings per share (EPS) forecast, GBP
Parameter Current quarter forecast 12-month forecast
Maximum forecast 0.18 1.24
Minimum forecast 0.17 0.56
Parameter Current quarter forecast 12-month forecast
Average forecast 0.17 0.75
Average forecast value 1 year ago 0.12 0.68
Quarterly and annual sales volume forecast (overall profit)
Parameter Current quarter forecast 12-month forecast
Maximum forecast, GBP 42.1B 231.5B
Minimum forecast, GBP 41B 141.5B
Parameter Current quarter forecast 12-month forecast
Average forecast, GBP 41.5B 165B
Projected sales growth in % to the previous period 5 -2
Projected assessment of capitalization growth rates
Current quarter forecast, % -27.3
Actual 5-year price increase (average value in % for 1 year) 20.03
12-month forecast, % 6.3
5-year forecast (average value in % for 1 year) -1.2

Indicator Based Technical Analysis of BP/GBP

To find a better entry point, also find out what TradingView technical analysis tool signals for the BP PLC (BP/GBP) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

BP/GBP Chart Online

What BP PLC price will be in 5 years and 12 years – prediction by years

According to the Traders Union long-term price forecast BP PLC (BP) can reach £572.89 by 2025, £764.09 by 2030, £962.07 by 2034.

Year Price in the middle of the year Price at the end of the year
2024 £556.39 £572.89
2025 £589.38 £606.85
2026 £624.32 £642.83
2027 £661.34 £680.95
2028 £700.55 £721.32
2029 £742.09 £764.09
2030 £786.09 £809.4
2031 £832.7 £857.39
2032 £882.07 £908.22
2033 £934.37 £962.07
2034 £989.77 £1,019.11
2035 £1,048.45 £1,079.53

Alternative long-term price forecasts by independent analytical platforms

Here, you will find long-term stock price forecasts provided by independent analytical resources. The price forecasting methodologies they use vary, which is why the forecasts may differ substantially from each other. We recommend focusing on the average price.


According to the price forecast by Walletinvestor analysts, the BP PLC stock will be priced at £555.617 at the beginning of 2025, and £808.713 at the beginning of 2028.


What BP PLC (BP) news can influence the price in the future?

Key factors influencing stock prices include:


  • Prices of energy resources. The higher the global prices of oil and gas, the higher the revenue;
  • Demand for energy resources. The dip in stock prices during the pandemic can be attributed to a sharp reduction in oil and gas consumption;
  • Competition and investments in cost-saving technologies for extraction. Exploration of new deposits;
  • Human-made disasters. The company owns both offshore and onshore drilling rigs worldwide. Human-made disasters can lead to financial losses that impact net profit. One such environmental disaster occurred in 2010 when an explosion on one of the company's offshore oil platforms led to an oil spill. The company spent around $8 billion on disaster cleanup and compensation, leading to a halving of its market capitalization;
  • Legislative initiatives. Industry support, changes in tax legislation, and more.
  • Geopolitical factors.

The stock price responds to any news that might affect the company's future net profit.

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Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

What is the current price of BP stocks?

The price of BP shares is GBP £525.25.

What trading strategies are suitable for BP stocks?

Intraday strategies, including trading based on fundamental analysis, are all viable options. Investments for 1-3 months can be considered in cases where the price rebounds from a strong support level and favorable fundamental factors are present.

Is it worth buying BP stocks?

It depends on your strategy. For long-term investment, it's unlikely as the stocks lack a pronounced long-term trend. For short-term speculative trades, it's a possibility.

How can one buy BP stocks?

Choose a broker from the list of stock or CFD brokers. Register, verify your identity, install the broker's platform from their website, deposit the minimum required, and purchase the shares.