Wells Fargo cuts BP shares target on weaker Q2 earnings outlook

Jul 12, 2024 · Friday - Wells Fargo has adjusted its price target on BP (NYSE: BP) shares, lowering it to $41.00 from the previous $42.00, while maintaining an Equal Weight rating on the stock.

$41.00
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Wells Fargo Cuts BP Shares Target On Weaker Q2 Earnings Outlook

2 weeks from now

Jul 12, 2024 · Friday - Wells Fargo has adjusted its price target on BP (NYSE: BP) shares, lowering it to $41.00 from the previous $42.00, while maintaining an Equal Weight rating on the stock.

investing.com

$41.00
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Wells Fargo Cuts BP Shares Target On Weaker Q2 Earnings Outlook

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Jul 12, 2024 · Friday - Wells Fargo (NYSE:WFC) has adjusted its price target on BP (NYSE:BP) shares, lowering it to $41.00 from the previous $42.00, while maintaining an Equal Weight …

investing.com

$30.00
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BP (NYSE:BP) Price Target Lowered To $30.00 At Wells Fargo

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17 hours ago · The Goldman Sachs Group upgraded shares of BP to a "strong-buy" rating in a research report on Friday, October 11th. Scotiabank cut BP from a "sector outperform" rating …

marketbeat.com

$30.00
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Wells Fargo Sticks To Their Hold Rating For BP (BP)

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1 day ago · In a report released today, Roger Read from Wells Fargo maintained a Hold rating on BP (BP – Research Report), with a price target of $30.00. The company’s shares closed today …

businessinsider.com

$33
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BP Price Target Lowered To $33 From $35 At Wells Fargo

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Oct 30, 2024 · Wells Fargo analyst Roger Read lowered the firm’s price target on BP (BP) to $33 from $35 and keeps an Equal Weight rating on the shares. The firm says BP’s valuation …

businessinsider.com

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Wells Fargo Remains A Hold On BP (BP) - Markets Insider

2 weeks from now

Sep 26, 2024 · In a report released yesterday, Roger Read from Wells Fargo maintained a Hold rating on BP (BP – Research Report), with a price target of $35.00. The company’s shares …

businessinsider.com

$42.00
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Wells Fargo Raises BP Stock Target, Keeps Equal Weight Rating

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Apr 11, 2024 · On Thursday, Wells Fargo updated its outlook on BP (NYSE: BP), raising the price target to $42.00 from the previous $38.00, while maintaining an Equal Weight rating for the …

investing.com

$36
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BP Upgraded To Equal Weight At Wells Fargo On Energy Outlook

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Nov 7, 2022 · Wells Fargo raised its earnings estimates ... The bank also lifted its price target for BP to $36 a share from $31 based on an enterprise value-to-EBITDA multiple of four times …

seekingalpha.com

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BP To Cut Costs After Profit Misses Expectations On Weaker Oil, …

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May 7, 2024 · BP announced it would cut at least $2 billion in costs across the business by the end of 2026 compared with 2023. The reduction would be around 10% of what it calls its …

morningstar.com

$57.88
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Wells Fargo Lowers Marathon Petroleum Shares Target Amid …

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Jul 12, 2024 · Following Wells Fargo's price target adjustment for Marathon Petroleum, current InvestingPro data reveals a market capitalization of $57.88 billion, with a P/E ratio that stands …

investing.com

FAQs about Wells Fargo cuts BP shares target on weaker Q2 earnings outlook Coupon?

What is Wells Fargo's price target on BP (BP)?

Wells Fargo analyst Roger Read lowered the firm’s price target on BP (BP) to $33 from $35 and keeps an Equal Weight rating on the shares. ... ...

Is BP (BP) a good stock to buy?

Wells Fargo analyst Roger Read lowered the firm’s price target on BP (BP) to $33 from $35 and keeps an Equal Weight rating on the shares. The firm says BP’s valuation appears meaningfully discounted vs peers, while an activist quietly knocks on the door. ...

What is the predicted price target for BP in 2024?

Wells Fargo upgraded BP to Equal Weight and predicted a price target of $36 a share for 2024 based on an enterprise value-to-EBITDA multiple of four times estimated 2024 EPS. The lower multiple in comparison with peers reflects BP’s energy transition efforts and move away from integrated oil operations. ...

Why did BP stock fall 10% this year?

BP’s stock has fallen by more than 10% this year, performing much worse that its immediate rivals. It will reveal its official Q3 results at the end of October. In June, the company reportedly initiated a hiring freeze and suspended offshore wind projects, according to sources at the company at the time. ...

Is BP a good investment?

RBC Capital Markets analyst Biraj Borkhataria lowered the price target to 480p (from 525p) while reiterating the Sector Perform rating. The analyst writes that BP faced significant challenges lately, and without an improving macroeconomic environment, they believe the investment case remains weak. ...