BP plc ADR (NYSE:BP) finished Wednesday with an addition of $0.84 to close at $39.48, an upside of 2.17 percent. An average of 8,305,280 shares of common stock have been traded in the last five days. There was a gain of $0.86 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 8,926,100 shares traded, while the 50-day average volume stands at 7,402,232.
BP stock has increased by 7.75% in the last month. The company shares reached their 1-month lowest point of $36.21 on 08/28/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $27.40 and a high of $41.38 in 52 weeks. It has reached a new high 13 times so far this year and achieved 13.03% or $4.55 in price. In spite of this, the price is down -4.59% from the 52-week high.
Valuation Metrics
BP plc ADR (BP) has a trailing price-to-earnings (P/E) ratio of 6.45. The stock’s beta is 0.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49, the price-to-book (PB) ratio at 1.63, and the price-to-cash flow ratio at 4.99.
The company’s most recent quarterly dividend payment was $0.4362 a share, representing a up of 9.98% from $0.3966 last year. Its latest increase dividend $0.0396 reported on Tuesday August 1 2023.
Financial Health
The quick ratio of BP plc ADR for the three months ended June 29 was 0.88, and the current ratio was 1.17, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.86 for the quarter ending June 29. Its gross profit as reported stood at $76.91 billion compared to revenue of $248.89 billion.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.49 billion in the quarter, while revenues were grew 404.18%. The analyst consensus anticipated BP plc ADR’s latest quarter earnings to come in at $1.2 per share, but it turned out to be $0.9, a -25.00% surprise. For the quarter, EBITDA amounted to $8.52 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BP plc ADR (BP) price momentum. RSI 9-day as of the close on 27 September was 67.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.31%.
As of today, BP’s price is $38.68 +2.23% or $0.86 from its 5-day moving average. BP is currently trading +6.42% higher than its 20-day SMA and +9.33% higher than its 100-day SMA. However, the stock’s current price level is +10.31% above the SMA50 and +16.36% above the SMA200.
The stochastic %K and %D were 56.92% and 41.32%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 86.07% and the average true range at 0.68, the RSI (14) stands at 64.78%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.
Analyst Ratings
DZ Bank downgraded BP plc ADR (NYSE: BP) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for BP plc ADR (BP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BP, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.
