The profit contribution from BP’s hydrocarbon portfolio will remain high, even if oil prices retract meaningfully. This test will demonstrate the ability to send a 5G signal from space to standard mobile devices on Earth. In order to see most traded currency pairs if BP is a promising momentum pick, let’s examine some Momentum Style elements to see if this oil and gas company holds up. The Score for BP is 45, which is 10% below its historic median score of 50, and infers higher risk than normal.
- Among its other key ratings, BP stock has a strong 89 Relative Strength Rating, of a best-possible 99.
- Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.
- BP claims that it breaks even at roughly $40 per barrel which is on the high side of producers.
- For example, if the price is above the moving average of the security then this is generally considered an upward trend or a buy.
That is likely to rise after it reported a 214% surge in earnings last quarter. Among its other key ratings, BP stock has a strong 89 Relative Strength Rating, of a best-possible 99. It has an outstanding A SMR Rating (Sales+profit Margins+Return on equity) and the Oil & Gas group it belongs to boasts an A- group RS Rating. The upgrade means BP stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
IMPROVE YOUR TRADING GAME WITH A GOLDEN STAR
The fact that hydrocarbon EBITDA generation is forecasted to remain flat despite significant asset sales is great, of course. BP’s asset sales will free up cash that can be used for further debt reduction or additional buybacks, which will shrink the share count massively over the years. BP’s plan to buy back 4% of its shares every year with oil trading at $60 per barrel will be highly impactful. That is, for reference, on par with Apple’s famed buybacks, as Apple’s share count has declined by 37% over the last decade.
This brings our attention to another one of BP’s key metrics, geographic exposure, or more specifically the company’s exposure to the Russian market. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. As the tropics heat up, now is the time for North Carolina residents to be prepared for severe weather. Hurricane Ian is forecast to make landfall Wednesday afternoon on the west coast of Florida as an ‘extremely dangerous’ storm. I understand that I will be billed $499 monthly if I choose to continue.
Among the many avenues of advance are the build-out of solar and wind farms as well as the expansion of a major EV charging network. The network totaled more than 9,000 stations around the middle of 2022 and expansion was ramping in order to meet the goal of 100,000 EV stations before 2050. The company was founded in 1908 with the purpose of exploring for and producing oil in the middle east.
HTZ, -4.18% and BP PLC BP, +0.16% BP, -2.92% said Tuesday they have signed a memorandum of understanding for the development of a network of electric vehicle charging stations… Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We’d like to share more about how we work and what drives our day-to-day business.
Day Historical Data
Brent is currently trading in the low $90s, thus more than 50% ahead of the level BP uses as its base case — which shows that management is quite conservative. With Brent averaging $80 per barrel, BP would make dividend payments as planned but would return a little less than $7 billion via buybacks, while paying down about $4 billion in debt. Oil prices are currently way ahead of the $80 24 Capital Markets review level, and many analysts expect that oil prices will climb further this year — to $105, $120, or even higher. Or is there an opportunity to expand the business’ product line in the future? If investors know BP Plc will grow in the future, the company’s valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately.
- Direction is a short indication of how the signal is performing based on most recent available data.
- This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher.
- This is useful for obvious reasons, but can also put the current day’s intraday gains into better context by knowing if the recently completed trading day was up or down.
Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. For example, a price above its moving average is generally considered an upward trend or a buy. Barchart Opinionsshow traders what a variety of popular trading systems are suggesting in terms of going long or short the market.
This has been a painful year for stock market investors, as nothing seems to be working. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. BP p.l.c. has a conensus rating of Moderate Buy which is based on 8 buy ratings, 5 hold ratings and 0 sell ratings. Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S. listed securities electronically. Keep in mind, that other fees such as regulatory fees, Premium subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account.
- Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.).
- That indicates big money investors such as mutual funds and insurance company funds are selling a bit more than buying its stock.
- Another merger with Burhman Castrol in 2000 created the company that is traded today.
Over the past quarter, shares of BP have risen 9.24%, and are up 31.36% in the last year. On the other hand, the S&P 500 has only moved 2.45% and 23.1%, respectively. Below, we take a look at BP , a company that currently holds a Momentum Style Score of A.
Sign-up to receive the latest news and ratings for BP and its competitors with MarketBeat’s FREE daily newsletter. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The FTSE 100 index has barely moved in 2022 as investors battle multiple concerns. For example, the British pound (GBP/USD) has crashed to the lowest level since the 1980s while inflation has soared to …
Earnings and Valuation
So be sure to compare it to its group when comparing stocks in different industries. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. A D/E ratio of 1 means its debt is equivalent to its common equity. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others.
Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of tech data corporation our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Past performance is not a guarantee of future results, and a loss of original capital may occur.