2. As of noon trading, BP ( BP) is up $0.47 (1.0%) to $49.00 on heavy volume. Thus far, 4.2 million shares of BP exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $48.68-$49.16 after having opened the day at $48.88 as compared to the previous trading day's close of $48.53.

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 $149.7 billion and is part of the basic materials sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BP Ratings Report now.

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