Stock Technical Report on BP PLC (ADR) (NYSE:BP)

BP PLC (ADR) (NYSE:BP) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $42.39, down by -0.98%, with a volume of 3,902,870 shares against an average volume for the last 3 months of 6,014,030.

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BP reported last quarter earnings on April 28. The Integrated Oil company announced earnings per share of $0.85 against a consensus Street estimate of $0.24, beating the average estimate by $0.61. This corresponds to a decrease of $0.67 compared to the same quarter of the previous fiscal year.

BP PLC (ADR) (NYSE:BP) is currently trading 20.74% below its 52-week-high, 21.53% above its 52-week-low. The 1-year range for the stock is $34.88 – $53.48. BP PLC (ADR) (BP) has a price to earnings ratio of 45.58 versus Basic Materials sector average of 18.53. BP stock price has outperformed the S&P 500 by 11.1%. The Integrated Oil company is currently valued at $128.93 billion and its share price closed the last trading session at $42.39. The stock has a 50-day moving average of $42.07 and a 200-day moving average of $40.36.

BP PLC (ADR) (BP) current short interest stands at 10.45 million shares. It has decreased by 16% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.29 million shares, the number of days required to cover the short positions stand at 2.5 days.

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There are currently thirty-three analysts that cover BP stock. Of those thirty-three, eight have a Buy rating, twenty have a Hold rating and five have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $6.65.

A recent analyst activity consisted of Citigroup downgrading their Buy rating to Neutral on April 14. On the date of report, the stock closed at $41.22.

Another research firm was Oppenheimer who reiterated their Outperform stance on March 5. Oppenheimer increased their price target on BP PLC (ADR) from $45 to $50. This translates to a 17.95% upside from the last closing price. On the date of report, the stock closed at $40.61.

Company profile

BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.

Stock Technical Report on BP PLC (ADR) (NYSE:BP) was last modified: May 19th, 2015 by Donna Crepeau