BP p.l.c. [BP] Is Currently -2.63 below its 200 Period Moving Avg: What Does This Mean?

BP p.l.c. [NYSE: BP] plunged by -$0.82 during the normal trading session on Friday and reaching a high of $31.1599 during the day while it closed the day at $30.33. The company report on September 7, 2022 that Switching on the Revolution: New Report From Castrol and bp pulse Explores Global Readiness for Transition to Electric Vehicles.

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Castrol and bp pulse’s new study: Switching ON the rEVolution: The road to EV readiness for markets, carmakers and consumers explores opinions from automotive executives and consumers regarding the switch from internal combustion engine (ICE) vehicles to electric vehicles (EV).

The research, which surveyed 100 automotive executives and 10,000 consumers globally, shares key findings from automotive executives.

BP p.l.c. stock has also loss -2.41% of its value over the past 7 days. However, BP stock has inclined by 10.98% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.07% and gained 13.89% year-on date.

The market cap for BP stock reached $94.20 billion, with 3.23 billion shares outstanding and 3.06 billion shares in the current float. Compared to the average trading volume of 10.68M shares, BP reached a trading volume of 10536434 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about BP p.l.c. [BP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BP shares is $37.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BP stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for BP p.l.c. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 26, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on June 09, 2022, representing the official price target for BP p.l.c. stock.

The Average True Range (ATR) for BP p.l.c. is set at 0.89, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 10.70. Price to Free Cash Flow for BP in the course of the last twelve months was 5.83 with Quick ratio for the last quarter at 0.80.

BP stock trade performance evaluation

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 -2.41. With this latest performance, BP shares dropped by -3.71% in over the last four-week period, additionally sinking by -3.07% over the last 6 months – not to mention a rise of 2.99% 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 49.96, with the RSI for the last a single of trading hit 50.23, and the three-weeks RSI is set at 49.93 for BP p.l.c. [BP]. The present Moving Average for the last 50 days of trading for this stock 30.80, while it was recorded at 30.32 for the last single week of trading, and 30.27 for the last 200 days.

BP p.l.c. [BP]: An insightful look at the core 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 +6.78 and a Gross Margin at +13.99. BP p.l.c.’s Net Margin is presently recorded at +4.80.

Return on Total Capital for BP is now 6.46, given the latest momentum, and Return on Invested Capital for the company is 5.35. Return on Equity for this stock inclined to 10.20, with Return on Assets sitting at 2.70. 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 92.48. Additionally, BP Total Debt to Total Capital is recorded at 48.05, with Total Debt to Total Assets ending up at 24.29. Long-Term Debt to Equity for the company is recorded at 82.82, with the Long-Term Debt to Total Capital now at 43.02.

Reflecting on the efficiency of the workforce at the company, BP p.l.c. [BP] managed to generate an average of $83,469 per employee. Receivables Turnover for the company is 6.62 with a Total Asset Turnover recorded at a value of 0.56.BP p.l.c.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for BP p.l.c. [BP] stock

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 -4.00%.

BP p.l.c. [BP]: Insider Ownership positions

There are presently around $9,044 million, or 10.00% of BP stock, in the hands of institutional investors. The top three institutional holders of BP stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 26,469,744, which is approximately 3.536% of the company’s market cap and around 0.50% of the total institutional ownership; STATE STREET CORP, holding 24,663,358 shares of the stock with an approximate value of $748.04 million in BP stocks shares; and FISHER ASSET MANAGEMENT, LLC, currently with $463.68 million in BP stock with ownership of nearly 5.666% of the company’s market capitalization.

443 institutional holders increased their position in BP p.l.c. [NYSE:BP] by around 39,986,249 shares. Additionally, 457 investors decreased positions by around 52,199,775 shares, while 218 investors held positions by with 205,998,284 shares. The mentioned changes placed institutional holdings at 298,184,308 shares, according to the latest SEC report filing. BP stock had 94 new institutional investments in for a total of 5,503,312 shares, while 105 institutional investors sold positions of 16,707,065 shares during the same period.


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