NEW YORK (TheStreet) -- Shares of BP PLC (BP - Get Report) are now flat after initially falling when the U.S. Supreme Court issued a one sentence order today saying the justices wouldn't put a hold on lower court rulings that require the oil company to begin making the payments, part of a $9.2 billion accord over the 2010 Gulf of Mexico oil spill, Reuters reports.
The company must pay potentially hundreds of millions of dollars in claims.
The court will decide later this year if it will take up BP's appeal.
- Net operating cash flow has significantly increased by 107.48% to $8,231.00 million when compared to the same quarter last year. In addition, BP PLC has also vastly surpassed the industry average cash flow growth rate of 17.43%.
- 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.
- The current debt-to-equity ratio, 0.41, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.93 is somewhat weak and could be cause for future problems.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.1%. Since the same quarter one year prior, revenues slightly dropped by 2.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full analysis from the report here: BP Ratings Report
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