BP Rises On Unusually High Volume (BP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- BP (NYSE: BP) is trading at unusually high volume Friday with 12.7 million shares changing hands. It is currently at two times its average daily volume and trading up 83 cents (+2%) at $41.62 as of 3:10 p.m. ET.

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BP has a market cap of $129.57 billion and is part of the basic materials sector and energy industry. Shares are down 2% year to date as of the close of trading on Thursday.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. The company has a P/E ratio of 5.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BP as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full BP Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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