Stock Worth Watching: Could BP plc (ADR) See a Reversal After This Very Weak Session?

Stock Worth Watching: Could BP plc (ADR) See a Reversal After This Very Weak Session?

The stock of BP plc (ADR) (NYSE:BP) is a huge mover today! About 1.43M shares traded hands. BP plc (ADR) (NYSE:BP) has risen 19.98% since March 10, 2016 and is uptrending. It has outperformed by 12.46% the S&P500.
The move comes after 7 months negative chart setup for the $110.19 billion company. It was reported on Oct, 13 by Barchart.com. We have $33.00 PT which if reached, will make NYSE:BP worth $7.71 billion less.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on October, 25. They expect $0.29 earnings per share, down 51.67% or $0.31 from last year’s $0.6 per share. BP’s profit will be $900.65M for 30.59 P/E if the $0.29 EPS becomes a reality. After $0.23 actual earnings per share 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), 13 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 65% are positive. BP has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Wednesday, July 29 the stock rating was maintained by BNP Paribas with “Neutral”. The firm earned “Overweight” rating on Wednesday, July 29 by JP Morgan. The firm has “Buy” rating given on Tuesday, September 8 by UBS. The stock has “Underperform” rating given by Bank of America on Friday, September 4. The firm has “Buy” rating given on Monday, January 18 by Societe Generale. The stock of BP plc (ADR) (NYSE:BP) has “Focus Stock” rating given on Monday, December 14 by Howard Weil. As per Friday, November 27, the company rating was maintained by Argus Research. The stock of BP plc (ADR) (NYSE:BP) has “Sector Perform” rating given on Wednesday, October 28 by Howard Weil. Jefferies maintained the shares of BP in a report on Monday, July 11 with “Hold” rating. Goldman Sachs upgraded BP plc (ADR) (NYSE:BP) on Friday, September 11 to “Neutral” rating.

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.”

Another recent and important BP plc (ADR) (NYSE:BP) news was published by Businessfinancenews.com which published an article titled: “BP plc (ADR) Oil Spill Saga Ends; No More Charges” on July 15, 2016.

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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