NEW YORK (TheStreet) -- Shares of BP Plc (BP) are down -0.74% to $48 after the oil and gas company said its largest U.S. refinery, at Whiting, IN, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production, according to Reuters.
BP said operations at the 413,500 barrel per day (bpd) Whiting refinery "were minimally impacted as a result of the incident and the refinery continues to produce products for customers."
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TheStreet Ratings team rates BP PLC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BP PLC (BP) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: