BP plc ADR (BP) Analysis & Opinions from Experts

BP plc ADR (NYSE: BP) is 2.71% higher on its value in year-to-date trading and has touched a low of $33.52 and a high of $41.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BP stock was last observed hovering at around $36.21 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $36.36, the stock is 4.07% and 3.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.58 million and changing 0.41% at the moment leaves the stock -0.21% off its SMA200. BP registered -5.92% loss for a year compared to 6-month loss of -1.94%. The firm has a 50-day simple moving average (SMA 50) of $0.63 and a 200-day simple moving average (SMA200) of $2.99.

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The stock witnessed a 4.78% gain in the last 1 month and extending the period to 3 months gives it a 4.18%, and is 4.97% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.46% over the week and 1.47% over the month.

BP plc ADR (BP) has around Feb 15 2024 employees, a market worth around $102.22B and $210.13B in sales. Current P/E ratio is 7.15 and Fwd P/E is 6.87. Profit margin for the company is 7.25%. Distance from 52-week low is 8.47% and -12.13% from its 52-week high. The company has generated returns on investments over the last 12 months (11.96%).

BP plc ADR quarterly earnings per share for the current quarter are estimated at $1.02 with sales reaching $55.88B over the same period.The EPS is expected to grow by 0.58% this year, but quarterly earnings will post -1.40% year-over-year. Quarterly sales are estimated to shrink -1.90% in year-over-year returns.

BP plc ADR (BP) Top Institutional Holders

1,266 institutions hold shares in BP plc ADR (BP), with institutional investors hold 11.77% of the company’s shares. The shares outstanding are 2.81B, and float is at 2.81B with Short Float at 0.18%. Institutions hold 11.77% of the Float.

The top institutional shareholder in the company is State Street Corporation with over 22.6 million shares valued at $797.4 million. The investor’s holdings represent 0.79% of the BP Shares outstanding. As of Jun 29, 2023, the second largest holder is Arrowstreet Capital, Limited Partnership with 21.42 million shares valued at $756.08 million to account for 0.75% of the shares outstanding. The other top investors are Fisher Asset Management, LLC which holds 17.64 million shares representing 0.62% and valued at over $622.38 million, while Acadian Asset Management. LLC holds 0.44% of the shares totaling 12.48 million with a market value of $440.3 million.

BP plc ADR (BP): Who are the competitors?

The company’s main competitors (and peers) include ENI S.p.A. ADR (E) that is trading -2.93% down over the past 12 months. TotalEnergies SE ADR (TTE) that is 0.50% higher over the same period.