Wells Fargo (NYSE:WFC) analyst Roger Read maintained a Buy rating on BP plc (LON:BP). on Monday, setting a price target of $31, which is approximately 17.16% above the present share price of $26.46.
Read expects BP (NYSE:BP) plc. to post earnings per share (EPS) of $1.38 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in BP, with an average price target of $30.12.
The analysts price targets range from a high of $33 to a low of $24.6.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $34.54 billion and a net profit of $5.7 billion. The company's market cap is $89.25 billion.
According to TipRanks.com, Wells Fargo analyst Roger Read is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.4% and a 63.45% success rate.
BP Plc is a London-based integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products to wholesale and retail customers. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants.