NEW YORK (TheStreet) -- BP's (BP) full year EPS estimates were lowered to $5.07 per share from $5.32 per share by analysts at Argus Research on Monday afternoon.
The lowered guidance reflects the firm's belief that the downstream refining business will continue to falter while the company's upstream arm will continue to be a primary growth driver.
BP shares closed trading up 0.3% to $52.75 today.
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates BP PLC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BP PLC (BP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."