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Markets extend lossesThis summary was created by AI, based on 4 opinions in the last 12 months.
Experts have mixed opinions on BP PLC. Some believe that the company is well-positioned in the energy space and has a strong oil marketing and trading group, with good capital allocation, share buybacks and debt reduction. However, there are concerns about the company's history of accidents, currency risk, and environmental impact. The company is also seen as a large-cap oil player with potential for growth, but there are alternative Canadian companies that some experts prefer. Overall, the stock's performance seems to be influenced by factors such as oil price recovery, share buybacks, debt reduction, and capital allocation.
He likes the energy space since there is a tight supply. You need to see a breakout above recent highs before buying. He prefers Shell on the international scale. Pays a 3.3% dividend.
One of the best performing major energy companies in the world.
Trades at cheaper price than other names in the sector.
Very good oil marketing & trading group.
Good capital allocation at company with share buybacks and debt reduction.
Expecting recovery of oil price going forward.
Buying back shares, increased dividend, paying down debt. Returning free cashflow to shareholders. Will continue to do that. Trying to be more environmentally friendly, but can't avoid that they're oil & gas. Capex will slowly go up. Throws up a lot of cash. Dividend is well supported.
Sell shares and buy Canadian energy instead.
Conventional oil production falling.
Misguided investments in renewables.
Not a good long term investment.
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
In the last year, 4 stock analysts published opinions about BP-N. 2 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.
BP PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for BP PLC.
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.
4 stock analysts on Stockchase covered BP PLC In the last year. It is a trending stock that is worth watching.
On 2024-03-27, BP PLC (BP-N) stock closed at a price of $37.46.
Large-cap oil will continue to do well. Using capital in shareholder-friendly ways. Lots of accidents over the years. Buying this takes on currency risk. Lots of great Canadian companies to own instead. He owns CNQ.