BP p.l.c. (NYSE: BP) closed the day trading at $35.62 down -0.64% from the previous closing price of $35.85. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 16102002 shares were traded. BP stock price reached its highest trading level at $35.67 during the session, while it also had its lowest trading level at $34.14.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
For a better understanding of BP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.94 whereas as Long-Term Debt/Eq ratio is at 0.84.
Upgrades & Downgrades
Scotiabank Upgraded its Sector Perform to Sector Outperform on January 17, 2023, whereas the target price for the stock was revised from $37 to $42.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 1.93.
Stock Price History:
Over the past 52 weeks, BP has reached a high of $41.38, while it has fallen to a 52-week low of $25.36. The 50-Day Moving Average of the stock is 37.51, while the 200-Day Moving Average is calculated to be 32.93.
Over the past 3-months, BP traded about 9.43M shares per day on average, while over the past 10 days, BP traded about 8.82M shares per day. A total of 3.15B shares are outstanding, with a floating share count of 2.98B. Insiders hold about 0.50% of the company’s shares, while institutions hold 9.90% stake in the company. Shares short for BP as of Jan 30, 2023 were 10.2M with a Short Ratio of 10.73M, compared to 12.27M on Dec 29, 2022.
Dividends & Splits
BP’s forward annual dividend rate is 1.59, up from 0.21 a year ago. Against a Trailing Annual Dividend Yield of 0.59%, it implies a Forward Annual Dividend Yield of 3.65%. The stock’s 5-year Average Dividend Yield is 6.36.
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $1.51 for the current quarter, with a high estimate of $1.92 and a low estimate of $1.34, while EPS last year was $1.92. The consensus estimate for the next quarter is $1.59, with high estimates of $2.31 and low estimates of $1.3.
Analysts are recommending an EPS of between $8.85 and $5.07 for the fiscal current year, implying an average EPS of $6.6. EPS for the following year is $6.05, with 9 analysts recommending between $9.01 and $4.42.
3 analysts predict $54.64B in revenue for the current quarter. It ranges from a high estimate of $57.99B to a low estimate of $52.31B. As of the current estimate, BP p.l.c.’s year-ago sales were $51.22B, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $57.3B, a decrease of -15.60% less than the figure of $6.70% in the same quarter last year. There is a high estimate of $60.24B for the next quarter, whereas the lowest estimate is $55.13B.
A total of 6 analysts have provided revenue estimates for BP’s current fiscal year. The highest revenue estimate was $248.16B, while the lowest revenue estimate was $98.22B, resulting in an average revenue estimate of $209.95B. In the same quarter a year ago, actual revenue was $241.39B, down -13.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $185.42B in the next fiscal year. The high estimate is $257.78B and the low estimate is $93.78B. The average revenue growth estimate for next year is down -11.70% from the average revenue estimate for this year.