BP p.l.c. (NYSE:BP) has a beta of 0.85. The stock’s Relative Strength Index (RSI) is 47.22, with weekly volatility at 2.81% and ATR at 1.05. The BP stock’s 52-week price range has touched low of $15.51 and a $42.80 high. Its shares traded lower over the last trading session, losing -2.20% on 05/21/20. The shares fell to a low of $23.11 before closing at $22.86. Intraday shares traded counted 3.78 million, which was 79.95% higher than its 30-day average trading volume of 18.84M. BP’s previous close was $23.38 while the outstanding shares total 3.36B.
Investors have identified the Oil & Gas Integrated company BP p.l.c. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $78.70 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
BP p.l.c. (BP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For BP, the company has in raw cash 18.14 billion on their books with 12.38 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 64304000000 million total, with 63698000000 million as their total liabilities.
BP were able to record -2.84 billion as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -4.33 billion. In cash movements, the company had a total of 952.0 million as operating cash flow.
Potential earnings growth for BP p.l.c. (BP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, BP p.l.c. recorded a total of 59.54 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -13.21% coming in sequential stages and their sales for the third quarter reducing by -21.21%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 55.18 billion trying to sell their products during the last quarter, with the result yielding a gross income of 4.36 billion. This allows shareholders to hold on to 3.36B with the revenue now reading -1.30 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.28 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.95 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BP sounds very interesting.
Is the stock of BP attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
12 out of 28 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on BP p.l.c.. 2 analysts has assigned a Sell rating on the BP stock. The 12-month mean consensus price target for the company’s shares has been set at $32.26.