BP plc ADR [BP] stock is trading at $37.79, up 0.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BP shares have gain 3.56% over the last week, with a monthly amount glided 6.12%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, BP p.l.c. Announces Early Tender Results of Cash Tender Offer for Up to $1.3 Billion Aggregate Principal Amount of One Series of USD Notes. In a post published today on Yahoo Finance, BP p.l.c. (“BP”) (NYSE: BP) (LSE: BP) today announced the early tender results for the previously announced cash tender offer by its wholly-owned subsidiary BP Capital Markets p.l.c. (the “Offeror”) to purchase for cash any validly tendered (and not validly withdrawn) and accepted Notes up to an aggregate principal amount of $1,300,000,000 (the “Offer Cap”) of Notes issued by the Offeror (the “Tender Offer”). The Tender Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated February 26, 2024 (the “Offer to Purchase”). Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.
From an analyst’s perspective:
BP plc ADR [NYSE: BP] stock has seen the most recent analyst activity on March 04, 2024, when Jefferies upgraded its rating to a Buy. Previously, JP Morgan downgraded its rating to Underweight on November 01, 2023. On May 03, 2023, downgrade downgraded it’s rating to Hold. Berenberg downgraded its rating to a Hold. TD Securities upgraded its rating to a Buy. Scotiabank upgraded its rating to Sector Outperform for this stock on January 17, 2023, and upped its price target to $42. In a note dated November 22, 2022, Citigroup upgraded an Buy rating on this stock.
BP plc ADR [BP] stock has fluctuated between $33.52 and $40.84 over the past year. Currently, Wall Street analysts expect the stock to reach $38.24 within the next 12 months. BP plc ADR [NYSE: BP] shares were valued at $37.79 at the most recent close of the market. An investor can expect a potential return of 1.19% based on the average BP price forecast.
Analyzing the BP fundamentals
BP plc ADR [NYSE:BP] reported sales of 210.13B for the trailing twelve months, which represents a drop of -24.71%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.53 points at the first support level, and at 37.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.00, and for the 2nd resistance point, it is at 38.20.
BP plc ADR [BP] reported earnings per share of $1.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.05/share, meaning a difference of $0.02 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.14 per share as compared to estimates of $1.38 per share, a difference of -$0.24 representing a surprise of -17.40%.
Ratios To Look Out For
For context, BP plc ADR’s Current Ratio is 1.21. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 7.43.
