BP PLC (BP): Today's Featured Energy Loser
(
) pushed the Energy industry lower today making it today's featured Energy loser. The industry as a whole closed the day up 1.9%. By the end of trading, BP fell 25 cents (-0.7%) to $38.11 on average volume. Throughout the day, 6.4 million shares of BP exchanged hands as compared to its average daily volume of 7.1 million shares. The stock ranged in price between $37.94-$38.39 after having opened the day at $38.20 as compared to the previous trading day's close of $38.36. Other company's within the Energy industry that declined today were:
(
), down 10.2%,
(
), down 10.1%,
(
), down 4.3%, and
TheStreet Recommends
(
), down 4.3%.
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 $121.6 billion and is part of the
sector. The company has a P/E ratio of 4.8, below the average energy industry P/E ratio of five and below the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate BP a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates BP as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations 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,
North American Energy Partners Incorporate
(
), up 27.9%,
(
), up 19.8%,
(
), up 14.6%, and
(
), up 13.8%, were all gainers within the energy industry with
Occidental Petroleum Corporation
(
) being today's featured energy industry winner.
- 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.
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