BP p.l.c. (BP): A Technical View

At the last check on Thursday, BP p.l.c.’s (NYSE:BP) stock was down -$0.07, moving down -0.17 percent to $37.22. The average number of shares traded per day over the past five days has been 5,246,202 shares. 4 times new highs have been achieved over the past 5 days, with a $1.40 gain in that time frame. In the last twenty days, the average volume was 5,885,431, while in the previous 50 days, it was 6,723,170.

Since last month, BP stock rose 3.32%. Shares of the company fell to $35.53 on 08/23/23, the lowest level in the past month. A 52-week high of $41.38 was reached on 02/14/23 after having rallying from a 52-week low of $27.20. Since the beginning of this year, BP’s stock price has risen by 6.57% or $2.24, and marked a new high 13 times. However, the stock has declined by -10.04% since its 52-week high.

Valuation Metrics

Right now, BP p.l.c. (BP) has a P/E ratio of about 5.55. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.55, and the price-to-cash flow ratio of 4.78 may also be considered.

The latest dividend of $0.4362 per share was paid out, which is 9.98% more than last year’s $0.3966. On Tuesday August 1 2023, a $0.0396 dividend increase was announced.

Financial Health

In the three months ended June 29, 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 June 29 was 0.79, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 29.40% percent. In the year ended June 29, EBITDA margin amounted to 23.13%, whereas operating margins totaled 14.80%. Based on annual data, BP earned $76.91 billion in gross profit and brought in $248.89 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 -0.40%. Return on equity (ROE) for the past 12 months was 27.90%.

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 rose 34.03% during the quarter, while net income inched up to $248.89 billion. While analysts expected BP p.l.c. to report $1.2 quarterly earnings, the actual figure was $0.9 per share, beating the consensus estimate by -25.00%. During the quarter, the company generated $8.52 billion in EBITDA. The liabilities of BP p.l.c. were 190.46 billion at the end of its most recent quarter ended June 29, and its total debt was $60.7 billion.

Technical Picture

This quick technical analysis looks at BP p.l.c.’s (BP) price momentum. With a historical volatility rate of 13.58%, the RSI 9-day stood at 61.50% on 30 August.

With respect to its five-day moving average, the current BP p.l.c. price is up by +3.93% percent or $1.40. At present, BP shares trade +1.96% above its 20-day simple moving average and -6.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately +4.93% above its SMA50 and +9.86% above its SMA200.

Stochastic coefficient K was 79.85% and Stochastic coefficient D was 66.64%, while ATR was 0.57. Given the Stochastic reading of 79.81% for the 14-day period, the RSI (14) reading has been calculated as 57.80%. As of today, the MACD Oscillator reading stands at 0.62, while the 14-day reading stands at 0.76.

Analyst Ratings

BP p.l.c. downgraded its rating on BP p.l.c. (NYSE: BP) to a Hold in a note to investors on May 03, 2023. The analysts firm previously had a Buy rating on the stock.BP p.l.c. (BP) has been rated Overweight by analysts. According to 0 brokerage firms, 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 4 analysts rate BP p.l.c. stock as buy, with 15 recommending it as overweight.