BP (BP) Flagged As Today's Pre-Market Laggard
- BP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $323.3 million.
- BP traded 17,348 shares today in the pre-market hours as of 7:37 AM.
- BP is down 2.5% today from yesterday's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in BP with the Ticky from Trade-Ideas. See the FREE profile for BP NOW at Trade-Ideas More details on BP: BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. The stock currently has a dividend yield of 4.5%. BP has a PE ratio of 13.8. Currently there are 5 analysts that rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold. The average volume for BP has been 5.1 million shares per day over the past 30 days. BP has a market cap of $156.6 billion and is part of the basic materials sector and energy industry. Shares are up 3.7% year-to-date as of the close of trading on Thursday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include:
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, BP PLC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.8%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- Despite currently having a low debt-to-equity ratio of 0.37, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.87 is weak.
- You can view the full BP Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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