Price Action Alert: What’s Ahead for BP plc (ADR) After Today’s Significant Increase?

Price Action Alert: What's Ahead for BP plc (ADR) After Today's Significant Increase?

The stock of BP plc (ADR) (NYSE:BP) is a huge mover today! About 4.81 million shares traded hands. BP plc (ADR) (NYSE:BP) has risen 4.54% since April 28, 2016 and is uptrending. It has underperformed by 1.39% the S&P500.
The move comes after 5 months positive chart setup for the $115.77 billion company. It was reported on Dec, 1 by Barchart.com. We have $38.25 PT which if reached, will make NYSE:BP worth $8.10 billion more.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on February, 7. They expect $0.50 EPS, up 733.33% or $0.44 from last year’s $0.06 per share. BP’s profit will be $1.62B for 17.88 P/E if the $0.50 EPS becomes a reality. After $0.30 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

BP plc (ADR) (NYSE:BP) Ratings Coverage

Out of 21 analysts covering BP (NYSE:BP), 12 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 57% are positive. BP has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Focus Stock” rating given by Howard Weil on Monday, December 14. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Monday, January 18 by Societe Generale. The stock of BP plc (ADR) (NYSE:BP) earned “Buy” rating by Deutsche Bank on Wednesday, July 29. As per Tuesday, December 15, the company rating was initiated by Credit Agricole. The firm has “Neutral” rating by UBS given on Thursday, October 20. The stock of BP plc (ADR) (NYSE:BP) has “Overweight” rating given on Wednesday, July 29 by Barclays Capital. The rating was maintained by Jefferies on Monday, July 11 with “Hold”. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Friday, November 27 by Argus Research. The stock of BP plc (ADR) (NYSE:BP) has “Hold” rating given on Wednesday, November 2 by Societe Generale. The firm has “Outperform” rating by Bernstein given on Thursday, September 10.

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: Investorplace.com, which released: “Why BP plc (ADR) (BP), L Brands Inc (LB) and Tesla Motors Inc (TSLA) Are 3 of …” on November 01, 2016. Investorplace.com‘s article titled: “BP plc (ADR) Stock Takes a Hit After Q3 Earnings” and published on November 01, 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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