BP plc ADR (BP) Is Now En Route to Higher Prices

BP plc ADR (NYSE: BP) is -18.31% lower on its value in year-to-date trading and has touched a low of $28.80 and a high of $40.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BP stock was last observed hovering at around $28.93 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $28.92, the stock is -4.79% and -8.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.4 million and changing -0.03% at the moment leaves the stock -17.57% off its SMA200. BP registered -16.61% loss for a year compared to 6-month loss of -24.09%. The firm has a 50-day simple moving average (SMA 50) of $31.5356 and a 200-day simple moving average (SMA200) of $35.11575.

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The stock witnessed a -9.93% gain in the last 1 month and extending the period to 3 months gives it a -14.21%, and is -2.72% down 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 1.40% over the week and 1.33% over the month.

BP plc ADR (BP) has around 87800 employees, a market worth around $76.79B and $195.57B in sales. Current P/E ratio is 30.51 and Fwd P/E is 7.34. Profit margin for the company is 1.39%. Distance from 52-week low is 0.42% and -28.42% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).

with sales reaching $48.57B over the same period.The EPS is expected to shrink by -23.60% this year, but quarterly earnings will post -6.40% year-over-year. Quarterly sales are estimated to shrink -7.60% in year-over-year returns.

BP plc ADR (BP) Top Institutional Holders

1263.0 institutions hold shares in BP plc ADR (BP), with institutional investors hold 12.16% of the company’s shares. The shares outstanding are 2.80B, and float is at 2.66B with Short Float at 0.30%. Institutions hold 12.16% of the Float.

The top institutional shareholder in the company is FISHER ASSET MANAGEMENT, LLC with over 21.81 million shares valued at $787.46 million. The investor’s holdings represent 0.7813% of the BP Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 21.76 million shares valued at $785.46 million to account for 0.7793 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.31 million shares representing 0.7633% and valued at over $769.35 million, while MORGAN STANLEY holds 0.5437 of the shares totaling 15.18 million with a market value of $547.97 million.