07:30 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price for BP of USD20, based on a 2025 P/E of 7.2x, which is 0.5 standard deviation above the average of 6.5x over the past three years (a range of 3.8x to 10.5x). BP's Q1 2025 RC net profit, which dropped 49% Y/Y to USD1.38B, was below expectations, in our opinion, coming in 17-18% of our and consensus mean forecasts for 2025. Given that Brent oil prices have fallen to USD67/bbl currently from USD76/bbl in Q1 2025, we expect weaker quarterly earnings delivery for the remaining three quarters of the year. Hence, we cut our forecasts to a normalized EPS of USD2.77 (from USD3.10) for 2025 and USD2.66 (from USD2.97) for 2026. We reiterate our Sell rating based on continued price weakness given the stock's positive correlation to Brent crude oil price movements amid expectations of further declines in oil prices against the backdrop of U.S.-China tariff disruptions that could trigger a global economic recession together with management's guidance for lower 2025 oil production.