Wolfe Research analyst Doug Leggate reiterated an Outperform rating and $50 price target on BP (BP) following the company’s Q4 trading statement. The firm said there were “no surprises” from the statement, noting that its earnings per share estimate remains unchanged. In summary, Wolfe sees the update commodity led with what otherwise looks like an uneventful operating quarter, and with shares lower on the day the firm suggests street reaction is to a two-week delay to its planned strategy update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- BP sees Q4 upstream production lower compared to prior quarter
- BP Reports Lower Q4 2024 Production and Updated Financials
- Oil Stocks and ETFs Jump as Crude Hits 4-Month High on New Russia Sanctions
- KBR awarded global EPCM agreement by BP
- BP & Shell Want a Piece of India’s Increasing Oil Production