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 Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.1%. By the end of trading, BP fell $0.68 (-1.4%) to $49.04 on average volume. Throughout the day, 4,972,913 shares of BP exchanged hands as compared to its average daily volume of 5,200,600 shares. The stock ranged in price between $48.90-$49.35 after having opened the day at $49.27 as compared to the previous trading day's close of $49.72. Other companies within the Energy industry that declined today were:
), down 7.4%,
), down 7.1%,
), down 6.9% and
), down 6.5%.
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BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide. BP has a market cap of $168.1 billion and is part of the basic materials sector. The company has a P/E ratio of 6.4, below the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate BP a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full BP Ratings Report.
On the positive front,
), up 10.9%,
), up 6.8%,
), up 6.4% and
), up 5.7% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-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 energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.