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BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
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BP (BP - Free Report) closed the latest trading day at $37.73, indicating a -0.42% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the oil and gas company had gained 6.13% over the past month. This has lagged the Oils-Energy sector's gain of 6.39% and outpaced the S&P 500's gain of 5.11% in that time.
The investment community will be paying close attention to the earnings performance of BP in its upcoming release. The company is predicted to post an EPS of $1.13, indicating a 31.93% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $57.93 billion, up 1.72% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.96 per share and revenue of $227.67 billion, which would represent changes of +3.77% and +6.87%, respectively, from the prior year.
Any recent changes to analyst estimates for BP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.7% increase. Right now, BP possesses a Zacks Rank of #3 (Hold).
With respect to valuation, BP is currently being traded at a Forward P/E ratio of 7.64. Its industry sports an average Forward P/E of 7.4, so one might conclude that BP is trading at a premium comparatively.
We can additionally observe that BP currently boasts a PEG ratio of 1.91. 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. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 1.97.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
BP (BP - Free Report) closed the latest trading day at $37.73, indicating a -0.42% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the oil and gas company had gained 6.13% over the past month. This has lagged the Oils-Energy sector's gain of 6.39% and outpaced the S&P 500's gain of 5.11% in that time.
The investment community will be paying close attention to the earnings performance of BP in its upcoming release. The company is predicted to post an EPS of $1.13, indicating a 31.93% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $57.93 billion, up 1.72% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.96 per share and revenue of $227.67 billion, which would represent changes of +3.77% and +6.87%, respectively, from the prior year.
Any recent changes to analyst estimates for BP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.7% increase. Right now, BP possesses a Zacks Rank of #3 (Hold).
With respect to valuation, BP is currently being traded at a Forward P/E ratio of 7.64. Its industry sports an average Forward P/E of 7.4, so one might conclude that BP is trading at a premium comparatively.
We can additionally observe that BP currently boasts a PEG ratio of 1.91. 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. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 1.97.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.