BP p.l.c. (BP)’s Trend Down, Especially After Today’s 1 Year Low Hit

BP p.l.c. (NYSE:BP) Logo

The stock of BP p.l.c. (NYSE:BP) hit a new 52-week low and has $34.43 target or 5.00 % below today’s $36.24 share price. The 6 months bearish chart indicates high risk for the $121.60 billion company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $34.43 price target is reached, the company will be worth $6.08B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.57% or $0.96 during the last trading session, reaching $36.24. About 9.43M shares traded or 50.71% up from the average. BP p.l.c. (NYSE:BP) has declined 10.52% since August 14, 2018 and is downtrending. It has underperformed by 10.52% the S&P500.

BP p.l.c. (NYSE:BP) Ratings Coverage

Among 2 analysts covering BP plc (NYSE:BP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BP plc had 6 analyst reports since March 13, 2019 according to SRatingsIntel. Jefferies upgraded it to “Buy” rating and $48.6000 target in Wednesday, July 31 report. The stock has “Buy” rating by Raymond James on Wednesday, March 13.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Prnewswire.com which released: “Bunge and BP to Create a Leading Bioenergy Company – PRNewswire” on July 22, 2019, also Seekingalpha.com with their article: “BP: Buy The Drop – Seeking Alpha” published on August 06, 2019, Seekingalpha.com published: “BP +2% as production, cash flow on the rise – Seeking Alpha” on July 30, 2019. More interesting news about BP p.l.c. (NYSE:BP) were released by: 247Wallst.com and their article: “Short Sellers Pile Into Energy Stocks – 24/7 Wall St.” published on August 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Oil In Limbo As Feds Move To Cut Interest Rates – Yahoo Finance” with publication date: July 30, 2019.

BP p.l.c. operates as an integrated gas and oil firm worldwide. The company has market cap of $121.60 billion. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 13.79 P/E ratio. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas , and power and natural gas liquids (NGLs).

BP p.l.c. (NYSE:BP) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.