BP p.l.c. (NYSE: BP)’s stock price has decreased by -5.44 compared to its previous closing price of 38.25. however, the company has experienced a -8.80% decrease in its stock price over the last five trading days. MarketWatch.com reported on 02/22/23 that Energy group blasts Big Oil for not giving just 3% of record profits to methane-emission cuts
Is It Worth Investing in BP p.l.c. (NYSE: BP) Right Now?
Moreover, the 36-month beta value for BP is 0.73.
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The average price recommended by analysts for BP p.l.c. (BP) is $44.97, which is $8.15 above the current market price. The public float for BP is 2.98B and currently, short sellers hold a 0.36% of that float. On March 15, 2023, BP’s average trading volume was 9.24M shares.
BP’s Market Performance
BP stock saw a decrease of -8.80% in the past week, with a monthly decline of -10.93% and a quarterly a decrease of 6.07%. The volatility ratio for the week is 2.52%, and the volatility levels for the last 30 days are 1.83% for BP p.l.c. (BP). The simple moving average for the last 20 days is -9.08% for BP stock, with a simple moving average of 9.91% for the last 200 days.
Analysts’ Opinion of BP
Scotiabank gave a rating of “Sector Outperform” to BP, setting the target price at $42 in the report published on January 17th of the current year.
BP Trading at -3.53% from the 50-Day Moving Average
After a stumble in the market that brought BP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.59% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares sank -11.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.36% upper at present.
During the last 5 trading sessions, BP fell by -8.96%, which changed the moving average for the period of 200-days by +10.51% in comparison to the 20-day moving average, which settled at $39.54. In addition, BP p.l.c. saw 3.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BP
Current profitability levels for the company are sitting at:
- +17.01 for the present operating margin
- +22.58 for the gross margin
The net margin for BP p.l.c. stands at -1.03. The total capital return value is set at 28.56, while invested capital returns managed to touch -2.02. Equity return is now at value -17.20, with -3.90 for asset returns.
Based on BP p.l.c. (BP), the company’s capital structure generated 82.15 points at debt to equity in total, while total debt to capital is 45.10. Total debt to assets is 19.26, with long-term debt to equity ratio resting at 74.30. Finally, the long-term debt to capital ratio is 40.79.
When we switch over and look at the enterprise to sales, we see a ratio of 0.58, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 7.88 and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To wrap up, the performance of BP p.l.c. (BP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
