Where Does BP p.l.c. (BP) Rank When It Comes To Price-To-Earnings Ratio?

0
72

BP p.l.c. (NYSE:BP) finished Thursday with an addition of $0.12 to close at $34.70, an upside of 0.35 percent. An average of 5,176,460 shares of common stock have been traded in the last five days. There was a fall of -$0.33 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 7,329,940 shares traded, while the 50-day average volume stands at 8,849,904.

BP stock has decreased by -1.73% in the last month. The company shares reached their 1-month lowest point of $33.14 on 12/16/22. With the stock rallying to its 52-week high on 11/30/22, shares of the company touched a low of $25.36 and a high of $36.11 in 52 weeks. It has reached a new high 24 times so far this year and achieved 30.30% or $8.07 in price. In spite of this, the price is down -3.90% from the 52-week high.


Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored


Valuation Metrics

BP p.l.c. (BP) stock’s beta is 0.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.46, the price-to-book (PB) ratio at 1.88, and the price-to-cash flow ratio at 5.75.

Financial Health

The quick ratio of BP p.l.c. for the three months ended June 29 was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.84 and a total debt to equity ratio of 0.94 for the quarter ending June 29. BP p.l.c.’s EBITDA margin for the year ending June 29 is 16.40%, while its operating margin for the same period stands at 0.50%. Its gross profit as reported stood at $44.12 billion compared to revenue of $164.19 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BP p.l.c.’s return on assets was -3.80%.

Earnings Surprise

For the three-month period that ended June 29, BP p.l.c. had $901.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $7.57 billion in the quarter, while revenues were grew 368.41%. The analyst consensus anticipated BP p.l.c.’s latest quarter earnings to come in at $2.13 per share, but it turned out to be $2.61, a 22.50% surprise. For the quarter, EBITDA amounted to $6.27 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BP p.l.c. (BP) price momentum. RSI 9-day as of the close on 29 December was 52.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.25%.

As of today, BP’s price is $34.75 -0.94% or -$0.33 from its 5-day moving average. BP is currently trading -3.34% lower than its 20-day SMA and +15.05% higher than its 100-day SMA. However, the stock’s current price level is +13.85% above the SMA50 and +23.71% above the SMA200.

The stochastic %K and %D were 75.06% and 83.54%, respectively, and the average true range (ATR) was 0.72. With the 14-day stochastic at 68.42% and the average true range at 0.75, the RSI (14) stands at 53.14%. The stock has reached 0.28 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.

Analyst Ratings

Citigroup upgraded BP p.l.c. (NYSE: BP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for BP p.l.c. (BP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BP, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 others rate it as a “buy”.

What is BP’s price target for the next 12 months?

Analysts predict a range of price targets between $35.76 and $50.09, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for BP p.l.c. (BP) stock is $39.95.

LEAVE A REPLY

Please enter your comment!
Please enter your name here