BP Stock Falls, Looks to Sell U.K. Oil Storage Terminals, Pipeline
NEW YORK (TheStreet) -- Shares of BP (BP) - Get Report are down 0.15% to $35.97 this afternoon as the U.K.-based oil company looks to sell a string of fuel storage terminals and its stake in a major pipeline, the Daily Telegraph reports.
BP currently co-owns the onshore U.K. Oil Pipeline (UKOP) with Royal Dutch Shell (RSD.A), Valero (VLO) and Total (TOT). The company hopes to sell that stake.
Along with the UKOP, BP is looking to shed storage terminals in Belfast, Hamble and Northampton.
The stock has been positively impacted by rising oil prices today.
Crude oil (WTI) is up 0.65% to $44.85 per barrel and Brent crude is up 0.73% to $47 per barrel.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, TheStreet Ratings finds weaknesses including deteriorating net income, poor profit margins and disappointing return on equity.
You can view the full analysis from the report here: BP
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.