With 2.80B Outstanding Shares, Can BP plc ADR (NYSE: BP) Deliver Big Short-Term Gains?

BP plc ADR (NYSE:BP) currently has a daily average trading volume of 9.62M but it saw 5112447 shares traded in last market. With a market cap of 110.48B USD, the company’s current market price of $39.62 came rising about 0.71 while comparing to the previous closing price of $39.34. 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 $38.83, while its current price level is -2.99% below from 52-week high level whereas it is 18.20% 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 $37.40 while that of 200 days or SMA-200 reads an average of $36.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.80% during that period while stretching the period over a month that decreases to 1.64%. 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 64.76 which implies that the stock is in neutral territory.

Over the week, BP’s stock price is moving 4.48% up while it is 5.46% when we observe its performance for the past one month. Year-to-date it is 11.92% up and over the past year, the stock is showing an upside performance of 0.13%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.62 beat the consensus estimate of 1.4 for the same. In next quarter, company is expected to be making quarterly sales of $58.9B as analysts are expecting the sales for current fiscal year at $219.8B and seeing the company making $214.57B in sales next year. Moreover, analysts are in estimates of $55.46B for current-quarter revenue.

Currently, BP plc ADR’s total number of outstanding shares is 2.80B. 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 7.79 while having a 7.39 of forward P/E ratio. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 1.58 while price to sale or P/S ratio amounts to 0.53. Its return on asset (ROA) is 5.36% on average.