BP plc ADR (BP) Looks Ready for Growth Despite -17.20% Change This Year

BP plc ADR (NYSE: BP) is -17.20% lower on its value in year-to-date trading and has touched a low of $27.82 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 $29.13 in the last trading session, with the day’s gains setting it 0.18%.

Currently trading at $29.31, the stock is 0.11% and -4.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.41 million and changing 0.62% at the moment leaves the stock -15.42% off its SMA200. BP registered -18.74% loss for a year compared to 6-month loss of -21.99%. The firm has a 50-day simple moving average (SMA 50) of $30.6564 and a 200-day simple moving average (SMA200) of $34.6538.

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The stock witnessed a 1.00% gain in the last 1 month and extending the period to 3 months gives it a -13.69%, and is -0.71% 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 1.36% over the week and 1.42% over the month.

BP plc ADR (BP) has around 87800 employees, a market worth around $77.82B and $195.57B in sales. Current P/E ratio is 30.92 and Fwd P/E is 7.47. Profit margin for the company is 1.39%. Distance from 52-week low is 5.35% and -27.45% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).

The EPS is expected to shrink by -23.65% this year.

BP plc ADR (BP) Top Institutional Holders

1252.0 institutions hold shares in BP plc ADR (BP), with institutional investors hold 11.47% of the company’s shares. The shares outstanding are 2.80B, and float is at 2.65B with Short Float at 0.44%. Institutions hold 11.47% 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.