An Analysis Of BP p.l.c. (BP)’s Weekly Performance

As of Thursday close, BP p.l.c.’s (NYSE:BP) stock was down -$0.73, moving down -2.60 percent to $27.36. The average number of shares traded per day over the past five days has been 16,000,641 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.66 fall in that time frame. In the last twenty days, the average volume was 11,853,090, while in the previous 50 days, it was 12,736,568.

Since last month, BP stock retreated -14.79%. Shares of the company fell to $27.06 on 06/23/22, the lowest level in the past month. A 52-week high of $34.30 was reached on 06/08/22 after having rallying from a 52-week low of $22.64. Since the beginning of this year, BP’s stock price has risen by 2.74% or $0.73, and marked a new high 18 times. However, the stock has declined by -20.23% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.41, and the price-to-cash flow ratio of 8.54 may also be considered.

The latest dividend of $0.3276 per share was paid out, which is 1.42% more than last year’s $0.3230. On Wednesday May 4 2022, a $0.0046 dividend increase was announced.

Financial Health

In the three months ended March 30, BP p.l.c.’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.98, and the total debt-to-equity ratio was 1.09. On the profitability front, the trailing twelve-month gross margin is 23.20% percent. In the year ended March 30, operating margins totaled -6.50%. Based on annual data, BP earned $44.12 billion in gross profit and brought in $164.19 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was -24.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BP’s revenue fell -11.76% during the quarter, while net income inched up to $164.19 billion. While analysts expected BP p.l.c. to report $1.35 quarterly earnings, the actual figure was $1.92 per share, beating the consensus estimate by 42.20%. During the quarter, the company generated -$13.22 billion in EBITDA. The liabilities of BP p.l.c. were 216.99 billion at the end of its most recent quarter ended March 30, and its total debt was $69.07 billion.

Technical Picture

This quick technical analysis looks at BP p.l.c.’s (BP) price momentum. With a historical volatility rate of 45.77%, the RSI 9-day stood at 26.59% on 23 June.

With respect to its five-day moving average, the current BP p.l.c. price is down by -11.80% percent or -$3.66. At present, BP shares trade -14.71% below its 20-day simple moving average and -11.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.71% below its SMA50 and +11.26% above its SMA200.

Stochastic coefficient K was 10.61% and Stochastic coefficient D was 9.37%, while ATR was 1.19. Given the Stochastic reading of 4.14% for the 14-day period, the RSI (14) reading has been calculated as 31.78%. As of today, the MACD Oscillator reading stands at -1.53, while the 14-day reading stands at -2.91.

Analyst Ratings

Credit Suisse launched its rating on BP p.l.c. (NYSE: BP) to a Neutral in a note to investors on June 09, 2022. BP p.l.c. (BP) has been rated Overweight by analysts. According to 1 brokerage firm, BP is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate BP p.l.c. stock as buy, with 15 recommending it as overweight.

With a median target price of $35.96, the current consensus forecast for the stock is $29.35 – $50.42. Based on these forecasts, analysts predict BP p.l.c. (BP) will achieve an average price target of $37.31.


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