BP Price Target $32BP
Current Price $27.32 Price Target $32
$27c 10/15 ($189,5% till breakeven)
Trading at under 10x PE and at 1.0 P/B(FWD) is very cheap even for the oil and gas sector. With a 4.6% dividend BP is the best value play in the oil sector. Oil prices will continue to rise as we move farther into the summer (driving season). The increases in demand we are seeing are not being matched with
