Trade-Ideas: BP (BP) Is Today's Pre-Market Laggard Stock

Trade-Ideas LLC identified BP ( BP) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified BP as such a stock due to the following factors:

  • BP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $262.9 million.
  • BP traded 235,377 shares today in the pre-market hours as of 9:09 AM.
  • BP is down 2% today from yesterday's close.

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More details on BP:

BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The stock currently has a dividend yield of 7.3%. Currently there are 6 analysts that rate BP a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for BP has been 8.4 million shares per day over the past 30 days. BP has a market cap of $100.5 billion and is part of the basic materials sector and energy industry. Shares are up 3.5% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates BP as a hold. The company's strengths can be seen in multiple areas, such as its 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, poor profit margins and disappointing return on equity.

Highlights from the ratings report include:
  • Net operating cash flow has remained constant at $1,872.00 million with no significant change when compared to the same quarter last year. Along with maintaining stable cash flow from operations, the firm exceeded the industry average cash flow growth rate of -49.05%.
  • BP, with its decline in revenue, slightly underperformed the industry average of 24.6%. Since the same quarter one year prior, revenues fell by 30.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The gross profit margin for BP PLC is rather low; currently it is at 16.02%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.51% trails that of the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 122.4% when compared to the same quarter one year ago, falling from $2,602.00 million to -$583.00 million.

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