Are we looking at the next big move in BP plc ADR (BP)?

BP plc ADR (NYSE: BP) is -19.21% 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 $28.41 in the last trading session, with the day’s gains setting it 0.19%.

Currently trading at $28.60, the stock is -2.40% and -4.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.62 million and changing 0.67% at the moment leaves the stock -16.33% off its SMA200. BP registered -18.33% loss for a year compared to 6-month loss of -21.10%. The firm has a 50-day simple moving average (SMA 50) of $29.7912 and a 200-day simple moving average (SMA200) of $34.1837.

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The stock witnessed a -1.65% gain in the last 1 month and extending the period to 3 months gives it a -12.96%, and is -4.60% 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 1.94% over the week and 1.58% over the month.

BP plc ADR (BP) has around 87800 employees, a market worth around $74.39B and $195.57B in sales. Current P/E ratio is 30.18 and Fwd P/E is 7.64. Profit margin for the company is 1.39%. Distance from 52-week low is 2.79% and -29.21% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).

with sales reaching $46.05B over the same period.The EPS is expected to shrink by -24.37% this year, but quarterly earnings will post -9.21% year-over-year. Quarterly sales are estimated to shrink -11.68% in year-over-year returns.

BP plc ADR (BP) Top Institutional Holders

1254.0 institutions hold shares in BP plc ADR (BP), with institutional investors hold 11.51% of the company’s shares. The shares outstanding are 2.69B, and float is at 2.60B with Short Float at 0.32%. Institutions hold 11.51% 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.