Before You Sell BP p.l.c. (NYSE: BP) Shares, Here’sWhat You Need To Know.

BP p.l.c. (NYSE:BP) shares, rose in value on Friday, May 26, with the stock price down by -0.08% to the previous day’s close as strong demand from buyers drove the stock to $35.33.

Actively observing the price movement in the recent trading, the stock is buoying the session at $35.36, falling within a range of $34.99 and $35.4075. The value of beta (5-year monthly) is 0.59 whereas the PE ratio is 4.21 over 12-month period. Referring to stock’s 52-week performance, its high was $41.38, and the low was $25.36. On the whole, BP has fluctuated by -10.19% over the past month.

The company’s Forward Dividend Ratio is 1.59, with its dividend yield at 4.49%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.

30 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 11 analyst(s), 16 recommend it as a Buy and 3 called the BP stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BP currently trading nearly -3.53% and -6.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.66, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.66%. Furthermore, BP p.l.c. (BP)’s beta value is 0.74, and its average true range (ATR) is 0.74.

A comparison of BP p.l.c. (BP) with its peers suggests the former has fared considerably weaker in the market. BP showed an intraday change of -0.08% in today’s session so far, and over the past year, it grew by 9.15%%. In comparison, Eni S.p.A. (E) has moved higher at 0.50% today and is down -6.60% over the past 12 months. On the other hand, the price of TotalEnergies SE (TTE) has risen 0.30% today. The stock, however, is off 3.84% from where it was a year ago. Additionally, there is a gain of 0.37% for Exxon Mobil Corporation (XOM) in recent trading while the stock has seen an overall depriciation of 10.12%% over the past year. The PE ratio stands at 4.21 for BP p.l.c., compared to 3.54 for Eni S.p.A., and 7.27 for TotalEnergies SE. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.16%. Meanwhile, the Dow Jones Industrial Improved by 1.05%.

Data on historical trading for BP p.l.c. (NYSE:BP) indicates that the trading volumes over the past 10 days have averaged 8.48 million and over the past 3 months, they’ve averaged 8.67 million. According to company’s latest data on outstanding shares, there are 2.98 billion shares outstanding.

Nearly 0.50% of BP p.l.c.’s shares belong to company insiders and institutional investors own 9.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.21 million shares as on Apr 27, 2023, resulting in a short ratio of 1.13. According to the data, the short interest in BP p.l.c. (BP) stood at 0.28% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 8.13 million. The stock has risen by 1.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BP stock heading into the next quarter.