the BP (LSE: BP) Share The price only cannot rest. Over the past 12 months, more than 20 % have declined, a mixture of weak oil prices, poor morale and confusion around the place where work is heading.

I took diving last fall, seeing an opportunity while others ran to cover. It has not yet been going well.

BP (LSE: BP.) I took a series of visits. The oil remained stubbornly, as Brent is hovering near $ 65 a barrel. OPEC+ raises the show, which does not help. The American economy seems brittle. China’s recovery is incomplete. Add in the introduction of the introduction of the introduction of the introduction of the introduction of the Bonald Trump war, and it is no wonder that the investors are tense.

The net zero transmission caused a lot of confusion inside the BP as well. She promised to become green, but CEO Murray Oshnixus restore oil and gas at the heart of the work. This is cheerful of some shareholders, but the long -term strategy still looks confused.

Construction concerns

The results of the first quarter, published on April 29, showed basic profits for replacement-the main procedure for BP-coming in expectations less than $ 1.38 billion. This won the previous quarter of $ 1.17 billion, but it was still a significant decrease from $ 2.72 billion in the previous year.

The net debt jumped from $ 24 billion to about 27 billion dollars on an annual basis. The rebuilding of the quarterly shares has been reduced from $ 1.75 billion to $ 750 million.

Activist investors were also revolving. Some want the group to disintegrate, on the pretext that it is very impractical and position. There was a talk about the merger of a shell, even an American list. I try not to get this type of speculation.

A clear positive one is the return. It is 6.74 % chunky on an overpopal basis. But this is more than the symptoms of a decrease in the share price of the basic strength. Over the past ten years, profit distributions have already decreased, with an annual growth rate of -2.15 %. For five years, this accommodates -5.07 %. This includes the epidemic, but though, not what investors want to income.

Mixed expectations

On May 19, Jefferies BP was reduced to keep it from buying and reduced its target price from 550 pixels to 390 pixels. This is just slightly higher than 360 pixels today.

The bank said the group was facing a difficult option between reducing debt, and maintaining a re -purchase or sacrificing production growth. It also put a high mark on the leverage and the risk of implementation. BP has led its European competitors ’weakness 5 % so far this year.

It is enough for this depression! Others are more optimistic. The collective goal for one year of 27 analysts is 433 pixels, which represents an increase of 20.5 % over today. If this is turned on, the total return with profits may reach 27.25 %. It would raise an investment of 10,000 pounds to 12725 pounds. I was taking it. In a flash.

There is still more work to do

It is far from a guarantee. It depends a lot on external forces such as oil prices, and no one can predict the place to go after that. Even if the prices are recovered, it must move in the green transition and persuade the markets that they know where to go.

Investors may think about buying BP at today’s levels, but I suggest doing this with wide open eyes. BP is not a certain bet that appeared in the last part of the twentieth century.