It’s Not A Fantasy To Think That BP plc ADR (BP) Has Big Future Potential

BP plc ADR (NYSE:BP) currently has a daily average trading volume of 8.69M but it saw 8959052 shares traded in last market. With a market cap of 108.22B USD, the company’s current market price of $38.81 came rising about 0.41 while comparing to the previous closing price of $38.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $40.84 and as low as $33.52.

Taking a look at 20-day trading activity of BP plc ADR (BP) gives us an average price of $37.51, while its current price level is -4.97% below from 52-week high level whereas it is 15.78% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $36.29 while that of 200 days or SMA-200 reads an average of $36.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.32% during that period while stretching the period over a month that decreases to 1.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.64 which implies that the stock is in overbought territory.

Over the week, BP’s stock price is moving 3.30% up while it is 8.80% when we observe its performance for the past one month. Year-to-date it is 9.63% up and over the past year, the stock is showing an upside performance of 2.29%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $1.07 beat the consensus estimate of $1.05 for the same. For BP, analysts are forecasting an EPS-growth rate of -2.50% for current year and estimate for EPS growth in next year is 16.10%. In next quarter, company is expected to be making quarterly sales of $58.24 billion as analysts are expecting the sales for current fiscal year at $213.88 billion and seeing the company making $212.07 billion in sales next year. Moreover, analysts are in estimates of $55.88 billion for current-quarter revenue.

Currently, BP plc ADR’s total number of outstanding shares is 2.80B with 0.00% of that held by the insiders while 11.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.96% and return on equity (ROE) at 22.11%. It has a price to earnings ratio (P/E ratio) of 7.63 while having a 7.35 of forward P/E ratio. Stock’s beta reads 0.68. Stock has a price to book (P/B) ratio of 1.55 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is 5.36% on average.