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Where Do Analysts’ Ratings for BP Stand ahead of Its Earnings?

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Apr. 16 2019, Updated 11:14 a.m. ET

Analysts’ ratings for BP

BP (BP) is expected to post its first-quarter earnings results on April 30, 2019. In this article, we’ll review analysts’ ratings for BP ahead of its earnings release.

BP has been covered by a total of 11 Wall Street analysts. Of this total, six (or 55%) analysts have given it “buy” or “strong buy” ratings, four (or 36%) have given it “hold” ratings, and one has given it a “sell” rating. BP’s mean target price of $49 per share indicates a potential upside of 9% from its current level.

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Why are analysts divided on BP stock?

BP has a robust upstream project pipeline, which is likely to bring in volume growth for the company.

But BP has more debt on its balance sheet than its competitors ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A). BP’s total debt-to-total capital ratio stood at 39% in the fourth quarter of 2018. In comparison, ExxonMobil’s, Chevron’s, and Shell’s ratios were 16%, 18%, and 28%, respectively, in the fourth quarter.

BP’s robust upstream asset base and higher debt may have led to mixed opinions on its stock.

Analysts’ ratings for peers

Chevron, Shell, and ExxonMobil have been rated as “buys” by 77%, 82%, and 31% of analysts, respectively. Other integrated players Total (TOT), Suncor Energy (SU), and YPF (YPF) have been rated as “buys” by 100%, 92%, and 79% of analysts, respectively.

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