The stock of BP plc (ADR) (NYSE:BP) is a huge mover today! About 5.19 million shares traded hands. BP plc (ADR) (NYSE:BP) has risen 19.71% since March 1, 2016 and is uptrending. It has outperformed by 10.47% the S&P500.
The move comes after 5 months positive chart setup for the $114.59 billion company. It was reported on Oct, 4 by Barchart.com. We have $48.34 PT which if reached, will make NYSE:BP worth $40.11 billion more.
Analysts await BP plc (ADR) (NYSE:BP) to report earnings on October, 25. They expect $0.29 EPS, down 51.67% or $0.31 from last year’s $0.6 per share. BP’s profit will be $927.98M for 30.87 P/E if the $0.29 EPS becomes a reality. After $0.23 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 26.09% EPS growth.
BP plc (ADR) (NYSE:BP) Ratings Coverage
Out of 20 analysts covering BP (NYSE:BP), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. BP has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Jefferies given on Wednesday, July 29. As per Monday, November 2, the company rating was upgraded by Morgan Stanley. The stock has “Hold” rating given by Jefferies on Monday, July 11. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, July 29 report. Bernstein upgraded the stock to “Outperform” rating in Thursday, September 10 report. The stock has “Sector Perform” rating given by Howard Weil on Wednesday, October 28. JP Morgan maintained BP plc (ADR) (NYSE:BP) on Wednesday, July 29 with “Overweight” rating. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Friday, November 27 by Argus Research. The firm earned “Neutral” rating on Wednesday, July 29 by BNP Paribas. The firm has “Buy” rating by Credit Agricole given on Tuesday, December 15.
According to Zacks Investment Research, “BP p.l.c. is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.”
More news for BP plc (ADR) (NYSE:BP) were recently published by: Businessfinancenews.com, which released: “BP plc (ADR): Whiting Refinery Spill Exceeds Permitted Amount” on August 05, 2016. Etfdailynews.com‘s article titled: “BP plc (ADR)(BP): Is The 8% Dividend Built To Last?” and published on March 16, 2016 is yet another important article.
BP Company Profile
BP p.l.c., incorporated on April 14, 1909, is an integrated gas and oil company. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Firm operates through three divisions: Upstream, Downstream and Rosneft. The Company’s Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Company’s Downstream segment has global manufacturing and marketing operations. Rosneft is an oil company. The Firm has activities in Europe, North and South America, Australasia, Asia and Africa.
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