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BP (BP) Stock Sinks As Market Gains: What You Should Know
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BP (BP - Free Report) closed at $35.62 in the latest trading session, marking a -0.64% move from the prior day. This change lagged the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%.
Prior to today's trading, shares of the oil and gas company had lost 12.3% over the past month. This has lagged the Oils-Energy sector's loss of 12.2% and the S&P 500's loss of 5.94% in that time.
BP will be looking to display strength as it nears its next earnings release. On that day, BP is projected to report earnings of $1.55 per share, which would represent a year-over-year decline of 19.27%. Our most recent consensus estimate is calling for quarterly revenue of $57.58 billion, up 12.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $237.12 billion. These totals would mark changes of -27.23% and -4.73%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 4.16% lower. BP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BP currently has a Forward P/E ratio of 5.64. Its industry sports an average Forward P/E of 5.64, so we one might conclude that BP is trading at a no noticeable deviation comparatively.
Meanwhile, BP's PEG ratio is currently 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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
BP (BP - Free Report) closed at $35.62 in the latest trading session, marking a -0.64% move from the prior day. This change lagged the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%.
Prior to today's trading, shares of the oil and gas company had lost 12.3% over the past month. This has lagged the Oils-Energy sector's loss of 12.2% and the S&P 500's loss of 5.94% in that time.
BP will be looking to display strength as it nears its next earnings release. On that day, BP is projected to report earnings of $1.55 per share, which would represent a year-over-year decline of 19.27%. Our most recent consensus estimate is calling for quarterly revenue of $57.58 billion, up 12.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $237.12 billion. These totals would mark changes of -27.23% and -4.73%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 4.16% lower. BP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BP currently has a Forward P/E ratio of 5.64. Its industry sports an average Forward P/E of 5.64, so we one might conclude that BP is trading at a no noticeable deviation comparatively.
Meanwhile, BP's PEG ratio is currently 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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.