BP p.l.c. [BP] is 2.49% higher this YTD. Is it still time to buy?

BP p.l.c. [NYSE: BP] surged by $0.63 during the normal trading session on Monday and reaching a high of $36.16 during the day while it closed the day at $35.80. The company report on March 6, 2023 that bp Expands Natural Gas Certification to 100% of its U.S. Onshore Upstream Operations.

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Independent certification is occurring for 1.1. billion cubic feet per day (bcf/d) of bp’s U.S. onshore natural gas production and has been third party audited against MiQ’s Standard.

BP p.l.c. stock has also loss -5.81% of its value over the past 7 days. However, BP stock has inclined by 4.43% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.45% and gained 2.49% year-on date.

The market cap for BP stock reached $105.98 billion, with 3.03 billion shares outstanding and 2.95 billion shares in the current float. Compared to the average trading volume of 9.55M shares, BP reached a trading volume of 10668808 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 $44.32 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 2.30. 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.

Berenberg have made an estimate for BP p.l.c. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 23, 2023. The new note on the price target was released on February 07, 2023, representing the official price target for BP p.l.c. stock. Previously, the target price had yet another raise from $37 to $42, while Scotiabank kept a Sector Outperform rating on BP stock.

The Average True Range (ATR) for BP p.l.c. is set at 1.09, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 10.06. Price to Free Cash Flow for BP in the course of the last twelve months was 4.32 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 -5.81. With this latest performance, BP shares dropped by -12.58% in over the last four-week period, additionally plugging by 15.45% over the last 6 months – not to mention a rise of 23.28% 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 34.45, with the RSI for the last a single of trading hit 28.24, and the three-weeks RSI is set at 39.88 for BP p.l.c. [BP]. The present Moving Average for the last 50 days of trading for this stock 37.60, while it was recorded at 36.14 for the last single week of trading, and 32.97 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 +17.06 and a Gross Margin at +22.44. BP p.l.c.’s Net Margin is presently recorded at -1.03.

Return on Total Capital for BP is now 28.64, given the latest momentum, and Return on Invested Capital for the company is -2.02. Return on Equity for this stock declined to -3.61, with Return on Assets sitting at -0.89. 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 82.15. Additionally, BP Total Debt to Total Capital is recorded at 45.10, with Total Debt to Total Assets ending up at 19.26. Long-Term Debt to Equity for the company is recorded at 74.32, with the Long-Term Debt to Total Capital now at 40.79.

Reflecting on the efficiency of the workforce at the company, BP p.l.c. [BP] managed to generate an average of -$29,867 per employee. Receivables Turnover for the company is 7.88 with a Total Asset Turnover recorded at a value of 0.87.BP p.l.c.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.

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 -14.00%.

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

There are presently around $10,915 million, or 9.90% 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 25,593,846, which is approximately -5.42% of the company’s market cap and around 0.50% of the total institutional ownership; STATE STREET CORP, holding 22,940,397 shares of the stock with an approximate value of $821.27 million in BP stocks shares; and FISHER ASSET MANAGEMENT, LLC, currently with $593.19 million in BP stock with ownership of nearly 3.418% of the company’s market capitalization.

511 institutional holders increased their position in BP p.l.c. [NYSE:BP] by around 40,515,603 shares. Additionally, 463 investors decreased positions by around 29,521,890 shares, while 218 investors held positions by with 234,843,782 shares. The mentioned changes placed institutional holdings at 304,881,275 shares, according to the latest SEC report filing. BP stock had 186 new institutional investments in for a total of 13,287,838 shares, while 75 institutional investors sold positions of 6,149,832 shares during the same period.


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