BP Just Beat the Rest of Big Oil to a Big Milestone
Of all the integrated oil and gas companies, BP (NYSE: BP) was probably the last one you would have guessed would restart its share repurchase program. This past quarter, though, management said it feels comfortable enough with the company's performance that it can start to return excess capital to shareholders.
Let's take a look at BP's most recent results and see why management feels now is an opportune time to start its buyback program.
Image source: Getty Images.
Source: Fool.com
BP plc ADR Stock
€36.40
1.110%
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 40 € shows a slightly positive potential of 9.89% compared to the current price of 36.4 € for BP plc ADR.
