Here's Why Hold Strategy Is Apt for BP Shares Right Now
BP(BP) zacks.com·2024-05-18 01:41
BP plc (BP) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.The Zacks Consensus Estimate for the Zacks Rank #3 (Hold) company’s 2024 and 2025 earnings is pegged at $4.78 and $5.44 per share, respectively.What's Favoring the Stock?BP's robust financial results in the first quarter of 2024 provide a strong foundation for investment consideration. The company reported an underlying replacement cost profit of $2.7 billion, even amid challenging market conditions characteri ...