Recent important negative changes in fundamentals have affected BP PLC (NYSE: BP): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in BP PLC (NYSE: BP) investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BP has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. BP has a very high Appreciation Score of 96 but a poor Power Rating of 17, and the Neutral Value Trend Rating results.
Recent Price Action
BP PLC (NYSE: BP) stock suffered a large decline of -5.4% on 10/29/24. The stock closed at $29.36. Moreover, exceptionally high trading volume at 270% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -6.7% during the last week.
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