What’s going on with the BP share price?

first_img We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Learn how you can grab this ‘Top Income Stock’ Report now Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Saturday, 29th May, 2021 | More on: BP Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images What is going on with the BP (LSE: BP) share price? That’s a question I’ve been considering based on the stock’s recent performance. Over the past 12 months, shares in the company have returned -4%, excluding dividends. However, over the same time frame, the price of oil has returned more than 200%.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As one of the world’s largest oil producers, BP will undoubtedly benefit from being able to sell its output at higher prices. Unfortunately, the company’s current stock price does not seem to reflect this improved outlook. The question is why? Is this an opportunity I can take advantage of to earn a profit?BP share price valuationBP is clearly set to benefit from higher oil prices.According to City analysts, the group’s earnings per share could grow as much as 29% this year on the back of higher oil prices.And if the price of oil remains at current levels, analysts believe the company’s earnings per share could grow a further 13% in 2022. While these are just estimates at this stage and could be subject to change, I think the figures show its potential. BP’s profits should grow as the global economy moves on from the pandemic and demand for oil returns to pre-crisis levels. Based on these numbers, the BP share price is dealing at a forward P/E of 9.7 for 2021, potentially falling to 8.5 for 2022. That appears to me to be incredibly cheap, mainly because the rest of the market is trading at a P/E of around 15. As well as this valuation, the stock also has the potential to offer a dividend yield of 4.8%, according to analysts.Risks and challengesWhile the BP share price does look cheap compared to its potential, it’s unlikely to be plain sailing for the group over the next few years. The pandemic is not over yet. Another outbreak could set the global economic recovery back months or years. There’s also a chance the oil market’s most prominent producers, which cut production last year to stabilise the market, could increase output due to higher prices. This would hurt other producers like BP as the price of oil would likely fall. As these risks continue to hang over the BP share price, I can see why investors have been avoiding the business. There’s a lot of uncertainty surrounding the outlook for the enterprise, and trying to understand where the company could be five years from now is incredibly challenging. As such, the investment is unlikely to be suitable for risk-averse investors.Still, I would buy shares in the oil company today as a recovery play, despite these risks.Yes, BP is facing an uncertain future, but the stock’s current valuation suggests that the shares are undervalued if the business can return to growth in the next two or three years.  What’s going on with the BP share price?center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Simply click below to discover how you can take advantage of this. The Motley Fool UK’s Top Income Stock… Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Rupert Hargreaveslast_img read more

WATCH: Billy Holland on frustrations in Paris and Ospreys welcome

first_imgWATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads TAGSBilly HollandChampions CupKeeping Limerick PostedlimerickLimerick PostMunsterMunster.RugbyRugbySporting limerick The post WATCH: Billy Holland on frustrations in Paris and Ospreys welcome appeared first on Sporting Limerick. Limerick’s National Camogie League double header to be streamed live Advertisement Print WhatsApp Limerick Ladies National Football League opener to be streamed live Linkedin RugbyMunsterNewsSportWATCH: Billy Holland on frustrations in Paris and Ospreys welcomeBy Ronan Coughlan – January 17, 2020 97 Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash RELATED ARTICLESMORE FROM AUTHOR Email Facebook Previous articleTwilight Concerts at the CathedralNext articleLimerick artists on this year’s ones to watch list Ronan Coughlan Twitter Munster lock Billy Holland reflected on his side ‘frustrations’ across his sides Champions Cup Pool games so far, which is resulted in the provinces likely exit from the tournament.“Were leading after 65 minutes over in London against Saracens, were leading after 71 minutes in Paris against Racing and you come out the back of what looks like a battering which wasn’t the case.”“It’s really frustrating but they are the fine margins at that level and that’s where we need to get to.”Munster will welcome Ospreys to Thomond Park on Sunday. (Kick-off 1pm)Sign up for the weekly Limerick Post newsletter Sign Up “We owe it to ourselves and we owe it to our supporters to put in a performance worthy of the Munster jersey on Sunday.”Click below to watch the full video Donal Ryan names Limerick Ladies Football team for League openerlast_img read more

AP funds accept Scania takeover deal previously rejected by AP4

first_imgAP3, meanwhile, said it viewed the offer as “fair” but indicated it did not consider the alternative – maintaining a position as a minority shareholder – as sustainable. Peter Lundqvist, the fund’s head of corporate governance, said the last couple of years as a minority shareholder in Scania had not been easy.“There has been a lack of information regarding potential synergies from the collaboration between Scania and MAN, last year VW abolished the nomination committee, and they have also decided to reduce dividends for 2013 without any justification,” he told IPE.“When you invite your partner to dance, it’s difficult when she refuses to step out on the dance floor.”AP2 currently owns 0.2% of stock, while AP3’s shareholding accounts for 0.32% of the firm’s share capital.Due to the use of the Swedish A and B share system, the funds jointly account for just 0.1% of voting rights.Requests for comment from AP1, which, according to local media reports, has sold its stake in Scania since the end of 2013, went unanswered at the time of publication.Volkswagen, which owns more than 60% of shares and controls 88% of voting rights at the company, has previously seen its bid for Scania rejected by the company’s independent committee, resulting in several institutional investors, including pension provider AMF, rejecting the bid.AP4 cited the independent committee’s discomfort with the bid when it rejected the offer.At the time, it said: “Our belief is that the Swedish senior citizens who are the main principals of AP4 in the long term will benefit if Scania remains as an independent listed company.”AMF’s Anders Oscarsson, who heads up corporate governance at the provider, previously said its concerns over VW’s offer stemmed from its ownership of rival truck manufacturer MAN Group.“Scania is in fantastic shape, and MAN is not, and Scania has done some excellent R&D,” he said. “So the question is, could there be some transition out of the company?” Two of Sweden’s buffer funds have accepted Volkswagen’s controversial bid for local heavy vehicles manufacturer Scania, weeks after AP4 rejected the SEK200 (€22.30) a share offer.A spokeswoman for AP2 said it had carefully evaluated the bid, which was “attractive” to the buffer fund.Asked how the fund had come to a different conclusion than AP4, the spokeswoman said she could not comment on the other fund’s assessment of the deal.“We have done our analysis, and they have done theirs,” she said.last_img read more

Riverhounds fire head coach Justin Evans

first_imgJustin Evans has been relieved of his duties as head coach of the Pittsburgh Riverhounds, the team announced today.“It was a tough decision to make,” said Riverhounds CEO Jason Kutney. “Justin has been a critical part of this organization for many years, but we felt that we needed to do this at this time to try and turn things around.”The Riverhounds are off to a 0-4-3 mark this season.A search for a new head coach is underway. Evans will be replaced on an interim basis by First Team Player Nikola Katic and assisted by Director of Academy Operations, Scott Gibson.Katic has been a part of  the Riverhounds organization as a professional player since 2009, and has played a key coaching role in The Riverhounds Academy throughout his time in Pittsburgh.The Riverhounds play the Wilmington Hammerheads on the road on May 23 and the Charleston Battery on May 24. Both games are scheduled for 7:30 PM and will be streamed live on Youtube.last_img read more