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BP (BP) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, BP (BP - Free Report) closed at $40.84, marking a -0.78% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq lost 0.15%.
Coming into today, shares of the oil and gas company had lost 6.16% in the past month. In that same time, the Oils-Energy sector lost 7.66%, while the S&P 500 lost 0.57%.
Wall Street will be looking for positivity from BP as it approaches its next earnings report date. This is expected to be February 5, 2019. In that report, analysts expect BP to post earnings of $0.85 per share. This would mark year-over-year growth of 32.81%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $294.63 billion, which would represent changes of +89.89% and +20.46%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.8% higher. BP is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 11.53. This represents a premium compared to its industry's average Forward P/E of 10.96.
Meanwhile, BP's PEG ratio is currently 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.13 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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BP (BP) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, BP (BP - Free Report) closed at $40.84, marking a -0.78% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq lost 0.15%.
Coming into today, shares of the oil and gas company had lost 6.16% in the past month. In that same time, the Oils-Energy sector lost 7.66%, while the S&P 500 lost 0.57%.
Wall Street will be looking for positivity from BP as it approaches its next earnings report date. This is expected to be February 5, 2019. In that report, analysts expect BP to post earnings of $0.85 per share. This would mark year-over-year growth of 32.81%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $294.63 billion, which would represent changes of +89.89% and +20.46%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.8% higher. BP is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 11.53. This represents a premium compared to its industry's average Forward P/E of 10.96.
Meanwhile, BP's PEG ratio is currently 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.13 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.