BP PLC (BP), a Energy Oil & Gas Integrated corporation, saw its stock trade 36.84 common shares, a higher demand when compared to its 10-day trading volume of 10.34M.
BP PLC (BP) stock is quoted at $36.84, up 1.61 cents or +4.57% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking profits.
BP, as operator and on behalf of co-venturer Shell, today announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK.
Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel.
It is a 20 million barrels of oil equivalent field, which was originally forecast to produce 12,000 barrels gross of oil equivalent a day at peak.
BP shares bucked the trend of weaker oil major earnings with surprisingly solid fourth quarter profits under the final months of outgoing CEO Bob Dudley.
BP also reported Q4 earnings this morning, but its report was mixed in the opposite way: 76 cents per ADS beat the 65 cents expected, but revenues of $72.2 billion in the quarter missed the $80.2 billion analysts were looking for. The company reported its average price of oil per barrel came in at $55.90 in Q4. Share are trading up 4.75% in today’s pre-market.
Total Revenue for BP PLC (BP) is $281.64B, Gross Profit is $45.05B and the EBITDA is $31.14B.
BP PLC (BP) Technical Details:
The average 10-day trading volume of BP PLC (BP) is 10.34M compared to 7.56M over the last 3 months which indicates a pullback in trading activity. At the time of writing this article, BP PLC (BP) has a 50-day moving average of $38.04 and a 200-day moving average of $37.94. These moving averages are popular technical figures that investors use to analyze price trends of BP PLC (BP).
Approximately 0.10% of the shares of the company are sold short from traders betting the shares will trade lower. The beta value on BP PLC (BP) stock is 0.79, indicating its 1.38% to 1.10% more volatile than the overall marketplace.
Technically, BPs short term resistance levels are $40.01, $39.83 and $38.96 on the upside.
Based on technical analysis, BP has short term rating of Bearish (-0.31), Intermediate rating of Bearish (-0.42) and the long-term rating of Bearish (-0.39) giving it an overall rating of Bearish (-0.37).
BP is trading 5.20% off its 52 week low at $35.07 and -18.70% off its 52 week high of $45.38. Performance wise, BP stock has recently shown investors -5.90% a pullback in a week, -7.63% a pullback in a month and -7.07% a pullback in the past quarter.
Furthermore, BP PLC (BP) has shown a return of -6.65% since the 1st of this year.
BP PLC (BP) Key Data:
BP PLC (BP) is a large-cap company with a market cap value of $126.37B. BP insiders hold roughly 0.03% of the shares.
On Nov-26-19 Piper Jaffray Resumed BP as Overweight, On Jan-06-20 Wells Fargo Upgrade BP as Equal Weight → Overweight and on Jan-14-20 Berenberg Downgrade BP as Buy → Hold.
There are currently 3.34B shares in the float and 3.41B shares outstanding. There are 0.10% shares short in BPs float.
The industry rank for BP PLC (BP) is 181 out of 254 ranking it at the Bottom 29% .
BP PLC (BP) Fundamental Data:
BP last 2 years revenues have decreased from $298,756,000 to $282,965,000 showing a downtrend.
Wall Street expects BP PLC (BP) to report an EPS next Qtr profit of 0.65 and a profit of 14.60% next year.
The growth rate on BP this year is -26.32 compared to an industry 1.60. However, BPs next year’s growth rate is 16.79 compared to an industry 2.10.
The book value per share (mrq) is 28.83 and cash per share (mrq) is 5.81. Giving them a price/book (mrq) of 1.20 compared to an industry of 1.07 and BPs price/cash flow (mrfy) is 4.18 compared to an industry of 4.12.
BP fundamental ratios shows an EPS growth vs. previous year 2.80 and EPS growth vs. previous quarter 0.65.
About BP PLC (BP):
London-based BP is among the leading integrated energy players in the world. It was founded in 1909. The company invests largely in hydrocarbon projects around the globe and in alternative energy sources as well. Along with oil and gas properties, the company holds major stakes in several renewables like biofuels, biopower, wind energy and solar energy projects. Currently, the company reports mainly through four segments – Upstream, Downstream, Rosneft and Other Businesses and Corporate.Upstream: The upstream business of the British energy giant includes exploitation and production of oil and natural gas from prospective resources. It has exploration and production activities in the United States, the U.K., Angola, Azerbaijan, Canada, Egypt, the Russian Federation, and Trinidad and Tobago, as well as in the Asia Pacific, Latin America, and the Middle East.This segment also owns and manages crude oil and natural gas pipelines; processing and export terminals; and LNG processing facilities and transportation. In 2018, production was 2,539 thousand barrels of oil equivalent per day (Mboe/d), almost 3% higher than in 2017.The segment posted profits of $2,139 million in third-quarter 2019, accounting for 44% of total earnings. Downstream: The downstream operation comprises of refining of raw crude along with manufacturing petrochemical products. In 2018, the company sold total refined products of 5,930 thousand barrels per day (Mbbl/d), down from 5,948 Mb/d in 2017. The unit contributed $1,883 million to profits during the September quarter of 2019, contributing 39% to total earnings. Rosneft: In this segment, BP announces the results from its 20% stake held in Rosneft, a major Russian energy company. The segment recorded average daily production for first-quarter 2019 of 1.2 million barrels of oil equivalent per day. During the third quarter, the integrated company recoded profits of $802 million at this segment, accounting for 17% of total earnings.