BP's Q2 Estimates Downgraded, But This Analyst Anticipates 10% Dividend Hike And Continued Buybacks
BPBP(BP) Benzinga·2024-07-09 23:45

Loading...Loading...RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. BP following its second-quarter trading update release this morning. The analyst rates BP with an Outperform rating and a 650p price target.In the oil production and operations segment, the company anticipates realizations to have a favorable impact of $0.1 billion-$0.3 billion and expects Upstream production in the quarter to remain flat compared to the prior quarter.The analyst writes that in the gas trading s ...