BP plc ADR (NYSE:BP) shares, rose in value on Thursday, April 04, with the stock price down by -0.44% to the previous day’s close as strong demand from buyers drove the stock to $38.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $38.81. The value of beta (5-year monthly) is 0.55 whereas the PE ratio is 7.59 over 12-month period. Referring to stock’s 52-week performance, its high was $40.84, and the low was $33.52. On the whole, BP has fluctuated by 7.93% over the past month.
The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 4.41%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.1, which is expected to increase to $1.29 for fiscal year $4.66 and then to about $5.41 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.50% in 2025, while the next year’s EPS growth is forecast to be 16.10%.
Analysts have estimated the company’s revenue for the quarter at $55.88 billion, with a low estimate of $50.07 billion and a high estimate of $67.21 billion. According to the average forecast, sales growth in current quarter could jump down -1.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $213.88 billion, representing an increase of 0.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BP currently trading nearly 3.02% and 6.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.27, while the 7-day volatility ratio is showing 1.32% which for the 30-day chart, stands at 1.14%. Furthermore, BP plc ADR (BP)’s beta value is 0.68, and its average true range (ATR) is 0.52.
A comparison of BP plc ADR (BP) with its peers suggests the former has fared considerably weaker in the market. BP showed an intraday change of -0.44% in today’s session so far, and over the past year, it shrunk by -2.77%%.
Data on historical trading for BP plc ADR (NYSE:BP) indicates that the trading volumes over the past 10 days have averaged 6.83 million and over the past 3 months, they’ve averaged 8.70 million. According to company’s latest data on outstanding shares, there are 2.80 billion shares outstanding.
Nearly 0.01% of BP plc ADR’s shares belong to company insiders and institutional investors own 11.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.03 million shares as on Mar 15, 2024, resulting in a short ratio of 0.82. According to the data, the short interest in BP plc ADR (BP) stood at 0.23% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.09 million. The stock has risen by 9.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BP stock heading into the next quarter.
