Stock Price & Analysis

Based on recent technical indicators and analyst sentiment, BP stock appears to be in a consolidation phase with a slight bullish bias at $31.69, showing potential for modest upside given the recent Alpha platform restart and positive analyst ratings. The stock's RSI of 66.20 suggests it's approaching overbought territory but still has room for growth, especially with multiple analysts maintaining price targets above current levels, including Raymond James' recent upgrade to $37.

Based on the provided data and current market conditions, here's the price prediction for BP stock in 2025:

BP's stock price is expected to reach $34.50 by mid-2025, driven by the company's successful operational recovery and strategic shift towards renewable energy investments. The technical indicators show strong support at $31.50 with resistance at $33.20, suggesting a bullish momentum in the near term. Recent platform restart in Azerbaijan and positive analyst sentiment further support this upward trajectory.

The stock has demonstrated resilience with a steady upward trend since late 2024, and the RSI at 66.20 indicates growing momentum while staying below overbought levels, supporting the positive outlook.

Note: This prediction is based on current market conditions and available data. Stock prices can be volatile and subject to unexpected changes.

The S1 support level for BP Stock is $30.77 ,The R1 resistant level for BP Stock is $32.

As of the end of day on 2025-01-24, the price of BP Stock was $31.42.

The target price for BP Stock according to analyst rating is 35.73, with the highest price target at 42.00 and the lowest at 31.00. Analysts have a Moderate Buy rating on BP Stock overall.

The market cap of BP is $84.3B.

Based on the recent financial data and analyst ratings, BP appears fairly valued at current levels. The company's P/E ratio of 29.07 in Q3 2024 is relatively high compared to historical levels, suggesting some premium pricing. Net income has shown significant volatility, dropping from $2.27B in Q1 to a loss in Q2 and minimal profit in Q3 2024. The company's EV/EBITDA ratio of 4.03 indicates reasonable operational efficiency, while maintaining an attractive dividend yield of 5.25%. Recent analyst consensus shows mixed views, with Raymond James maintaining a Buy rating (PT: $37) while Wells Fargo lowered their target to $30 with a Hold rating.

BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include gas & low carbon energy, oil production & operations, customers & products, and other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises bp ventures, Launchpad and others.

Based on BP's strong fundamentals and renewable energy transition strategy, the stock price is projected to reach $45-48 by 2030, representing a 42-51% increase from current levels. The company's strategic shift towards clean energy investments and maintaining oil operations for cash flow positions it well for future growth in both traditional and renewable markets. BP's consistent dividend policy and share buyback programs should provide additional support for stock price appreciation over the long term.

BP has a total of 87800 employees.