Latest news with #JoshuaStone
Business Insider
2 days ago
- Business
- Business Insider
ENI S.p.A. (0N9S) Gets a Hold from Kepler Capital
In a report released on July 25, Bertrand Hodee from Kepler Capital maintained a Hold rating on ENI S.p.A., with a price target of €13.00. The company's shares closed last Friday at €14.66. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Hodee covers the Energy sector, focusing on stocks such as TotalEnergies SE, Technip Energies NV, and Equinor ASA. According to TipRanks, Hodee has an average return of 18.7% and a 62.42% success rate on recommended stocks. In addition to Kepler Capital , ENI S.p.A. also received a Hold from UBS's Joshua Stone in a report issued on July 25. However, on the same day, DZ BANK AG maintained a Buy rating on ENI S.p.A. (LSE: 0N9S). Based on ENI S.p.A.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €22.57 billion and a net profit of €1.17 billion. In comparison, last year the company earned a revenue of €22.94 billion and had a net profit of €1.21 billion
Yahoo
28-04-2025
- Business
- Yahoo
BP share buyback outlook at risk from oil price slump, analysts say
By Shadia Nasralla LONDON (Reuters) - BP (BP.L) may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares. Oil majors and other resource companies have made increased use of share buybacks and dividends to reward shareholders in recent years. Three analysts said the risk for BP was that weaker oil prices would mean it could not sustain its buyback programme, aggravating the problem of BP's underperformance versus peers. A February strategy revamp was designed to overcome investor doubts. The revamp, however, included BP shrinking guidance for its first-quarter buyback to $0.75-$1.0 billion, implying a $3-$4 billion annual buyback, as it tries to cut debt. This compares with a $3.5 billion buyback programme for the first quarter alone at Shell, which has said it will continue buybacks even if oil prices fall to $50 a barrel. Currently international Brent crude is trading above $65, but is under pressure from increased output from the OPEC+ producer group and the economic risks of U.S. tariffs. UBS analyst Joshua Stone said he expected BP's quarterly buybacks to fall to a quarterly $500 million after the first quarter. He said the market was pricing BP shares on the basis of a buyback programme of around $3 billion a year. It means BP's stock could fall by 15% if it cut the buyback to $2 billion a year and by 30% if the buyback was scrapped, said Stone. RBC analysts, meanwhile, expect BP to suspend all buybacks next year if oil falls to $60 a barrel. "Given its higher leverage position than peers, we've had more questions on what price BP can sustain its current buyback at than any other company," RBC analyst Biraj Borkhataria wrote in a note this month. Bank of America expects BP will cut buybacks to $2.5 billion this year if oil prices trade at $65 a barrel. At $60 a barrel, BofA also anticipates BP would suspend its buybacks. At its February strategy update, BP said it assumed Brent prices would average $71.5-$74.4 a barrel between 2025-2027, while benchmark Henry hub gas prices would be $4.1-$4.3 per million British thermal units through 2027 compared to the current prices of around $3. Asked about buybacks, a BP spokesperson referred to the February strategy update, when BP said it aimed to distribute 30-40% of operating cash flow via dividends, which it plans to raise by 4% a year, and buybacks. BP has said that, in addition to its disposal programme, it is cutting its costs by $4-$5 billion a year, expects its refining business to improve and has projects starting up that will help its cash flow. BP is due to report first-quarter results on April 29.
Yahoo
23-04-2025
- Business
- Yahoo
BP share buyback outlook at risk from oil price slump, analysts say
By Shadia Nasralla LONDON (Reuters) - BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares. Oil majors and other resource companies have made increased use of share buybacks and dividends to reward shareholders in recent years. Three analysts said the risk for BP was that weaker oil prices would mean it could not sustain its buyback programme, aggravating the problem of BP's underperformance versus peers. A February strategy revamp was designed to overcome investor doubts. The revamp, however, included BP shrinking guidance for its first-quarter buyback to $0.75-$1.0 billion, implying a $3-$4 billion annual buyback, as it tries to cut debt. This compares with a $3.5 billion buyback programme for the first quarter alone at Shell, which has said it will continue buybacks even if oil prices fall to $50 a barrel. Currently international Brent crude is trading above $65, but is under pressure from increased output from the OPEC+ producer group and the economic risks of U.S. tariffs. UBS analyst Joshua Stone said he expected BP's quarterly buybacks to fall to a quarterly $500 million after the first quarter. He said the market was pricing BP shares on the basis of a buyback programme of around $3 billion a year. It means BP's stock could fall by 15% if it cut the buyback to $2 billion a year and by 30% if the buyback was scrapped, said Stone. RBC analysts, meanwhile, expect BP to suspend all buybacks next year if oil falls to $60 a barrel. "Given its higher leverage position than peers, we've had more questions on what price BP can sustain its current buyback at than any other company," RBC analyst Biraj Borkhataria wrote in a note this month. Bank of America expects BP will cut buybacks to $2.5 billion this year if oil prices trade at $65 a barrel. At $60 a barrel, BofA also anticipates BP would suspend its buybacks. At its February strategy update, BP said it assumed Brent prices would average $71.5-$74.4 a barrel between 2025-2027, while benchmark Henry hub gas prices would be $4.1-$4.3 per million British thermal units through 2027 compared to the current prices of around $3. Asked about buybacks, a BP spokesperson referred to the February strategy update, when BP said it aimed to distribute 30-40% of operating cash flow via dividends, which it plans to raise by 4% a year, and buybacks. BP has said that, in addition to its disposal programme, it is cutting its costs by $4-$5 billion a year, expects its refining business to improve and has projects starting up that will help its cash flow. BP is due to report first-quarter results on April 29. Sign in to access your portfolio
Reuters
23-04-2025
- Business
- Reuters
BP share buyback outlook at risk from oil price slump, analysts say
LONDON, April 23 (Reuters) - BP (BP.L), opens new tab may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares. Oil majors and other resource companies have made increased use of share buybacks and dividends to reward shareholders in recent years. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Three analysts said the risk for BP was that weaker oil prices would mean it could not sustain its buyback programme, aggravating the problem of BP's underperformance versus peers. A February strategy revamp was designed to overcome investor doubts. The revamp, however, included BP shrinking guidance for its first-quarter buyback to $0.75-$1.0 billion, implying a $3-$4 billion annual buyback, as it tries to cut debt. This compares with a $3.5 billion buyback programme for the first quarter alone at Shell, which has said it will continue buybacks even if oil prices fall to $50 a barrel. Currently international Brent crude is trading above $65 , but is under pressure from increased output from the OPEC+ producer group and the economic risks of U.S. tariffs. UBS analyst Joshua Stone said he expected BP's quarterly buybacks to fall to a quarterly $500 million after the first quarter. He said the market was pricing BP shares on the basis of a buyback programme of around $3 billion a year. It means BP's stock could fall by 15% if it cut the buyback to $2 billion a year and by 30% if the buyback was scrapped, said Stone. RBC analysts, meanwhile, expect BP to suspend all buybacks next year if oil falls to $60 a barrel. "Given its higher leverage position than peers, we've had more questions on what price BP can sustain its current buyback at than any other company," RBC analyst Biraj Borkhataria wrote in a note this month. Bank of America expects BP will cut buybacks to $2.5 billion this year if oil prices trade at $65 a barrel. At $60 a barrel, BofA also anticipates BP would suspend its buybacks. At its February strategy update, BP said it assumed Brent prices would average $71.5-$74.4 a barrel between 2025-2027, while benchmark Henry hub gas prices would be $4.1-$4.3 per million British thermal units through 2027 compared to the current prices of around $3 . Asked about buybacks, a BP spokesperson referred to the February strategy update, when BP said it aimed to distribute 30-40% of operating cash flow via dividends, which it plans to raise by 4% a year, and buybacks. BP has said that, in addition to its disposal programme, it is cutting its costs by $4-$5 billion a year, expects its refining business to improve and has projects starting up that will help its cash flow. BP is due to report first-quarter results on April 29.
Yahoo
11-04-2025
- Business
- Yahoo
BP downgraded to Neutral at UBS on ‘harder' path forward
UBS analyst Joshua Stone downgraded BP (BP) to Neutral from Buy with a price target of 400 GBp, down from 525 GBp. The recent rebalancing of BP's financial frame, together with a reset of its strategic direction was 'an important first step to restore investor confidence,' but the next steps, including a reduction of net debt and replenishment of the reserves base, were 'always going to take longer to achieve,' the analyst tells investors. The level of financial uncertainty in the market makes delivery 'harder,' especially as it relates to BP's ability to grow earnings and sell assets, the analyst added. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on BP: Disclaimer & DisclosureReport an Issue BP downgraded to Neutral from Buy at UBS Oil prices fall, putting U.S. shale production in peril, FT reports OXY, BP, CVX: Goldman Sachs Says Oil Could Fall Below $40 A Barrel in 'Extreme Scenario' SHEL, CVX, BP: Oil Stocks Crash Alongside Crude Prices As OPEC+ Increases Production BP Initiates Search for New Chair as Helge Lund Steps Down Sign in to access your portfolio
