Friday, November 27, 2020

BP p.l.c. [BP] Stock trading around $15.80 per share: What’s Next?

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BP p.l.c. [NYSE: BP] slipped around -0.25 points on Monday, while shares priced at $15.80 at the close of the session, down -1.56%. The company report on August 17, 2020 that Republic Services, Aria Energy and bp Partner on New Renewable Energy Project.

Renewable Natural Gas Facility Begins Operations at South Shelby Landfill.


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Republic Services (NYSE: RSG) and energy partners Aria Energy and bp (NYSE: BP) today announced the startup of a landfill-gas-to-renewable-natural-gas (RNG) project at South Shelby Landfill. The project directly supports Republic’s commitment to send 50 percent more landfill gas to beneficial reuse by 2030.

BP p.l.c. stock is now -58.13% down from its year-to-date (YTD) trading value. BP Stock saw the intraday high of $16.035 and lowest of $15.63 per share. The company’s 52-week high price is 40.08, which means current price is +1.87% above from all time high which was touched on 01/06/20.

Compared to the average trading volume of 13.09M shares, BP reached a trading volume of 19057872 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about BP p.l.c. [BP]?

Cowen have made an estimate for BP p.l.c. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 17, 2020. The new note on the price target was released on September 14, 2020, representing the official price target for BP p.l.c. stock. Previously, the target price had yet another raise from $28 to $31, while Piper Sandler kept a Overweight rating on BP stock.

The Average True Range (ATR) for BP p.l.c. is set at 0.48, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 10.27.

How has BP stock performed recently?

BP p.l.c. [BP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.43. With this latest performance, BP shares dropped by -11.53% in over the last four-week period, additionally sinking by -34.60% over the last 6 months – not to mention a drop of -59.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BP stock in for the last two-week period is set at 26.57, with the RSI for the last a single of trading hit 26.97, and the three-weeks RSI is set at 28.98 for BP p.l.c. [BP]. The present Moving Average for the last 50 days of trading for this stock 18.85, while it was recorded at 15.99 for the last single week of trading, and 24.64 for the last 200 days.

BP p.l.c. [BP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and BP p.l.c. [BP] shares currently have an operating margin of +5.50 and a Gross Margin at +9.40. BP p.l.c.’s Net Margin is presently recorded at +1.45.

Return on Total Capital for BP is now 9.03, given the latest momentum, and Return on Invested Capital for the company is 2.57. Return on Equity for this stock inclined to 4.14, with Return on Assets sitting at 1.42. When it comes to the capital structure of this company, BP p.l.c. [BP] has a Total Debt to Total Equity ratio set at 78.70. Additionally, BP Total Debt to Total Capital is recorded at 44.04, with Total Debt to Total Assets ending up at 26.24. Long-Term Debt to Equity for the company is recorded at 65.95, with the Long-Term Debt to Total Capital now at 36.90.

Reflecting on the efficiency of the workforce at the company, BP p.l.c. [BP] managed to generate an average of $45,019 per employee. Receivables Turnover for the company is 10.92 with a Total Asset Turnover recorded at a value of 0.98.BP p.l.c.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.

Earnings analysis for BP p.l.c. [BP]

With the latest financial reports released by the company, BP p.l.c. posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BP p.l.c. go to -4.40%.

Insider trade positions for BP p.l.c. [BP]

There are presently around $4,519 million, or 8.80% of BP stock, in the hands of institutional investors. The top three institutional holders of BP stocks are: STATE STREET CORP with ownership of 29,020,400, which is approximately 1.926% of the company’s market cap and around 0.50% of the total institutional ownership; FRANKLIN RESOURCES INC, holding 17,945,092 shares of the stock with an approximate value of $283.53 million in BP stocks shares; and FMR LLC, currently with $259.3 million in BP stock with ownership of nearly -15.187% of the company’s market capitalization.

Positions in BP p.l.c. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 319 institutional holders increased their position in BP p.l.c. [NYSE:BP] by around 24,655,015 shares. Additionally, 568 investors decreased positions by around 81,357,920 shares, while 153 investors held positions by with 180,024,624 shares. The mentioned changes placed institutional holdings at 286,037,559 shares, according to the latest SEC report filing. BP stock had 63 new institutional investments in for a total of 4,864,477 shares, while 146 institutional investors sold positions of 45,079,323 shares during the same period.

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