BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade

13.06.24 00:00 Uhr

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Aktien

5,42 EUR 0,00 EUR 0,07%

Indizes

8.252,9 PKT 29,6 PKT 0,36%

4.522,8 PKT 14,2 PKT 0,31%

7.574,9 PKT -9,4 PKT -0,12%

4.577,6 PKT 48,6 PKT 1,07%

BP (BP) closed the latest trading day at $35.56, indicating a -0.31% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.85%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq gained 1.53%.The the stock of oil and gas company has fallen by 6.03% in the past month, lagging the Oils-Energy sector's loss of 4.55% and the S&P 500's gain of 3.11%.The investment community will be closely monitoring the performance of BP in its forthcoming earnings report. In that report, analysts expect BP to post earnings of $1.22 per share. This would mark year-over-year growth of 37.08%. In the meantime, our current consensus estimate forecasts the revenue to be $63.26 billion, indicating a 27.86% growth compared to the corresponding quarter of the prior year.For the full year, the Zacks Consensus Estimates project earnings of $4.80 per share and a revenue of $241.74 billion, demonstrating changes of +0.42% and +13.48%, respectively, from the preceding year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for BP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.33% lower. Right now, BP possesses a Zacks Rank of #3 (Hold).In terms of valuation, BP is currently trading at a Forward P/E ratio of 7.44. This expresses a premium compared to the average Forward P/E of 7.07 of its industry.We can additionally observe that BP currently boasts a PEG ratio of 1.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 1.81 as trading concluded yesterday.The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 42% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Top 5 Dividend Stocks for Your RetirementZacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.See our Top 5 now – the report is FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu BP plc (British Petrol)

Analysen zu BP plc (British Petrol)

DatumRatingAnalyst
10.07.2024BP BuyGoldman Sachs Group Inc.
10.07.2024BP UnderweightJP Morgan Chase & Co.
09.07.2024BP BuyJefferies & Company Inc.
09.07.2024BP OutperformRBC Capital Markets
09.07.2024BP BuyUBS AG
DatumRatingAnalyst
10.07.2024BP BuyGoldman Sachs Group Inc.
09.07.2024BP BuyJefferies & Company Inc.
09.07.2024BP OutperformRBC Capital Markets
09.07.2024BP BuyUBS AG
03.07.2024BP OutperformRBC Capital Markets
DatumRatingAnalyst
13.05.2024BP HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
22.02.2024BP HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
06.02.2024BP HoldJefferies & Company Inc.
17.01.2024BP HoldJefferies & Company Inc.
29.11.2023BP HoldJefferies & Company Inc.
DatumRatingAnalyst
10.07.2024BP UnderweightJP Morgan Chase & Co.
09.07.2024BP UnderweightJP Morgan Chase & Co.
16.05.2024BP UnderweightJP Morgan Chase & Co.
24.04.2024BP UnderweightJP Morgan Chase & Co.
09.04.2024BP UnderweightJP Morgan Chase & Co.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für BP plc (British Petrol) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"