Last Updated: 07 Nov 2024
Executive Summary
BP PLC ADR (BP) is a leading global energy company with a market capitalization of $78.69 billion. The company has a strong financial position with an EBITDA of $31.69 billion and a net income of $10.43 billion in the latest fiscal year. BP's earnings per share (EPS) is $1.01, and its dividend yield is 0.0646%. The company's trailing price-to-earnings (PE) ratio is 29.66, and its forward PE ratio is 7.08. BP's 52-week high is $39.36, and its 52-week low is $29.00. The latest stock price is $30.16.
Company Overview
BP PLC ADR is a British multinational oil and gas company headquartered in London, United Kingdom. The company operates in over 70 countries and employs over 70,000 people. BP's core businesses include exploration and production, refining and marketing, and petrochemicals. The company also has a significant renewable energy business.
Fundamental Analysis
BP's financial performance has been strong in recent years. The company's revenue has grown from $172.1 billion in 2018 to $193.9 billion in 2023. BP's net income has also grown from $5.6 billion in 2018 to $10.4 billion in 2023. The company's EPS has increased from $0.62 in 2018 to $1.01 in 2023.
BP's financial strength is reflected in its balance sheet. The company has a strong cash position with $17.2 billion in cash and cash equivalents. BP also has a low level of debt with a debt-to-equity ratio of 0.24.
BP's valuation metrics are attractive. The company's trailing PE ratio of 29.66 is below the industry average of 31.49. BP's forward PE ratio of 7.08 is also below the industry average of 8.23.
Technical Analysis
BP's stock price has been in a downtrend since June 2022. The stock price has fallen from a high of $39.36 to a low of $29.00. The stock price is currently trading at $30.16.
The technical analysis indicates that BP's stock price is oversold. The relative strength index (RSI) is below 30, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also below zero, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for BP's stock price is bearish. The stock price is in a downtrend, and the technical analysis indicates that the stock is oversold. However, the company's fundamentals are strong, and the stock price is trading at a discount to its intrinsic value.
Long Term Outlook
The long-term outlook for BP's stock price is bullish. The company is a leader in the energy industry, and it has a strong financial position. The company is also investing in renewable energy, which is a growing market.
Analyst Recommendations
The majority of analysts have a buy rating on BP's stock. The average analyst target price is $38.91, which represents a potential upside of 29.0%.
