Here's Why Hold Strategy Is Apt for BP Shares Right Now

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 commitment to shareholder returns is evident from its aggressive buyback program and stable dividends. In the first quarter of 2024 alone, BP announced a $1.75-billion share buyback and maintained a dividend of 7.270 cents per share. T ...