BP PLC (BP): Today's Featured Basic Materials Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, BP fell $0.46 (-1.1%) to $43.12 on average volume. Throughout the day, 4,129,047 shares of BP exchanged hands as compared to its average daily volume of 5,236,100 shares. The stock ranged in price between $42.96-$43.41 after having opened the day at $43.38 as compared to the previous trading day's close of $43.58. Other companies within the Basic Materials sector that declined today were:
(
), down 19.7%,
(
), down 14.9%,
(
), down 11.5% and
Genie Energy Ltd Common Stock B
(
), down 7.8%.
BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $137.9 billion and is part of the energy industry. Shares are up 4.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate BP a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
BP
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.
- You can view the full BP Ratings Report.
On the positive front,
(
), up 96.9%,
(
), up 51.1%,
(
), up 28.2% and
(
), up 24.4% , were all gainers within the basic materials sector with
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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