On March 20, 2026, HSBC upgraded its outlook for BP p.l.c. – Depositary Receipt (NYSE:BP) from Reduce to Hold. The average one-year price target for BP is now set at $39.39 per share, indicating a potential downside of 12.04% from its latest closing price of $44.78.
Projected annual revenue for BP is $246.22 billion, reflecting an increase of 31.22%, with a projected non-GAAP EPS of 0.66. There are currently 1,204 funds reporting positions in BP, a decrease of 34 funds (2.75%) from the previous quarter, while total shares owned by institutions rose by 1.45% to 340.36 million shares.
The put/call ratio for BP is 0.59, suggesting a bullish outlook. Notable fund transactions include a 59.42% increase in Acadian Asset Management’s holdings, while Royal Bank of Canada reduced its allocation by 87.94% over the last quarter.
